Serving the interests of our stakeholders

At Kazakhmys, we are committed to attaining high standards of corporate governance and protecting the interests of all our stakeholders. 

The role of the Board of Directors

The Board is responsible for approving group strategy, reviewing trading performance, ensuring adequate funding, examining major investments, ensuring we allocate financial resources appropriately, and monitoring the performance of the executive team.

The Board currently comprises nine Directors, five independent Non-Executive Directors, and one non-independent Non-Executive Director. Each of these Directors is significantly experienced in an area relevant to our activities. This balance ensures that the interests of particular groups do not dominate decisions and we protect the interests of minority shareholders.

The Board has four committees, which oversee particular aspects of our activity.

The role of the Chairman

The Chairman is responsible for guiding the group strategically, leading the Board of Directors, and maintaining positive relationships with Kazakhstan's Government and business community.

The role of the Chief Executive Officer (CEO)

The CEO is responsible for leading the senior management team's daily operation of the group's business and implementing the strategy approved by the Board of Directors.

The role of our independent directors

We want to ensure we act appropriately, independently and honestly in the best interests of all our stakeholders. To achieve this, our policy requires that at least half our Board of Directors comprises independent Non-Executive Directors.

Group shareholders

Kazakhmys has two significant shareholders. Vladimir Kim, the Chairman, holds a 28% interest in the Company. His involvement has been, and continues to be, important to the success of the group. The Government of Kazakhstan is a 26% shareholder in the company and continues to be a supportive and long-term shareholder.