Board of directors

The committee of directors is a management body of the Joint-stock company «Kaztemirtrans» (Company hereinafter), determining the strategically aims, priority development directions, the Company’s essential activity points for the long-term perspective, providing the presence of necessary financial and human resources to realize the set goals. The Committee of directors realizes the control of the Management activity within the competence of it.

The Committee of directors’ activity is based on the sensibility, efficiency, activeness, good faith, honesty, responsibility and accuracy principles.

In its activity the Committee of directors is governed by the Law, the Company’s Regulations, the Code of the corporative management of the Company and other Company’s internal documents.

From 1 January to 23 December 2010 the staff of the Committee of directors:
Kizatov E.A., Lepesbaev A.M.,Madieva G.K.
Since 23 December 2010 the Committee of directors consists of 6 Committee of directors’ Members, 2 of them are Independent directors.

Kizatov Ermek Anuarbekovich from 5 June 2009 till present time «Kaztemirtrans» the Joint-stock company’s Committee of directors’ chairman, a member of «Kaztemirtrans» the Joint-stock Company’s Committee of directors appointment.

Work status: the vice-president of JSC «NC «Kazakhstan temir zholy». Has graduated the Almaty engineering railway transport institute. Doctor of Engineering. Began his working activity as a master of Novoishimsk’s way distance of Virgin railway. Has worked on leading positions of Virgin railway, «Kazakhstan temir zholy».

Lepesbaev Almas Muratovich since 5 June 2009 till present is a member of the Committee of directors, a Member of the Committee on the rewards of the Joint-stock company «Kaztemirtrans».

Work status: the economics managerial director of JSC «NC «Kazakhstan temir zholy». The economic science candidate. Since 2002 has been working on leading positions in JSC «NC «Kazakhstan temir zholy».

Ogai Evgeni Pavlovich sinse 23 December 2010 till present is a member of «Kaztemirtrans» the Joint-stock company ‘s Committee of directors.
Work status: the Chief manager of the Department on JSC «NC «Kazakhstan temir zholy» actives management. In JSC «NC «Kazakhstan temir zholy» has been working since 2002.

Jaisanbaev Shagdarbek Nakipbekovich since 23 December 2010 till present is a «Kaztemirtrans» the Joint-stock Company’s Committee of directors member. Work status: «Kaztemirtrans» the Joint-stock company ‘s Management Chairman (President).

Has two high educations: graduated the Almaty engineering railway transport institute in 1985 the special subject of transportation processes management on the railway transport, in 2002 the Almaty economics and statistics institute. The working activity began in 1985, having passed the way from a traffic controller to a manager of the transportation department «Kazakhstan temir zholy». In 2002 headed the LP «Bogatyr Trans» (Pavlodar) having worked at the position of a general director to July 2009.
In July 2009 was appointed as a president of JSC «Kaztemirtrans».

Madieva Gulmaira Kurmangalievna since 5 June 2009 to present is an independent director, the rewards Committee’s Chairman, a member of the Company‘s Committee of directors appointments.

Has graduated KazSU after Kirov, the market institute KazSAU, the International Business Academy, the business administration Master degree. 

Smailov Erlan Baikenovich since 23 December till present is An Independent director, the appointments Committee Chairman, the Company’s Committee of directors rewards Committee’s member.

Has graduated the Pavlodar Industrial Institute. For 2010 the Committee of directors arranged 22 conferences, 3 conferences of which were arranged by correspondence.

The conferences of the Committee of directors are arranged in accordance with the work plan which is formed on basis of the chairman’s proposals and the Committee of directors’ members, the Management’s chairman and Management’s members.

All the members of the Company’s Committee of directors took part in all the conferences of the Company’s Committee of directors in 2010.

The board of directors’ committees

With the Company’s Board of directors two Committees operate: the appointments Committee and rewards Committee.

The appointments Committee is consultative and deliberative body of the Board of directors, which was formed by the decision of the Company’s Board of directors (the minutes of 10 December 2008, № 12). All the proposals, worked out by the appointments Committee are the recommendations which are transferred to the Board of directors for the considering.

A member of the Company’s appointments Board of directors: Smailov E.B. — the Committee’s Chairman — an independent director, Kizatov E.A. — the Committee’s Member — the Board of directors’ Chairman, Madieva G.K. — a Committee’s member — an independent director.

In 2010 the appointments Committee arranged 1 conference on which the Board of directors was recommended to consider and take a decision on the election question, the quantity stuff definition, authorities terms and pre-scheduled stopping of the Company’s Management Members’ authorities.

The rewards Committee is a consultative and deliberative body of the Board of directors. All the proposals worked out by the rewards Committee are the recommendations which are transformed to the Board of directors for considering.

The rewards Committee was formed by the Company’s Board of directors’ decisions (the minutes of 10 December 2008 № 12) on purposes of working out and presentation the recommendations to the Board of directors the recommendation on the questions of the appropriate reward for directors, the Management’s members, the internal audit’s Service manager, the Corporative secretary according to the aims, goals, the Company’s current state and the reward level in the analogous activity’s kinds and scales companies.

The rewards Committee’s members of the Board of directors: Madieva G.K.- the Committee’s Chairman — an independent director, Lepesbaev A.M. — a Committee’s member, a Board of directors’ member, Smailov E.B. — a Committee’s Member — an Indipendent director.

In 2010 appointments Committee arranged 1 conference where the Board of directors was recommended to define the salaries’ rate of the Management’s Members within the scope of the salary Scheme of the administrative and managerial stuff of the Company’s central apparatus. 

The indipendent directors’ contribution

For purposes of the best practice and corporative management adoption the presence of independent ones from the Only shareholder and the directors company management is necessary which are the guarantee of object decisions taking maximally appropriate for the Company’s interests.

The Director can be recognized if he:

1. is not a Company’s worker or its daughter or dependent organization during last five years;
2. did not get or does not get additional reward from the Company excluding the reward of the Board of directors’ member;
3. does not fill a similar position in other organizations or bodies, has significant connections with other Board of directors’ members through such participation in other organizations or countries;
4. does not present the Only shareholder or state management’s bodies;
5. is not a member of the Board of directors more than nine years in succession.

The Members of the Board of directors realizing their authorities are not paid the reward. The Management Chairman does not get the work reward for working in the Board of directors. Hereby, only the independent directors get the reward. The conditions and order of rewards and compensations payment to the members of the Board of directors is defined by the decision of the Only shareholder (the minutes of 7 May 2010 № 7).

For doing the obligations of a Board of directors’ member the director gets a year fixed reward.

The rewards payment to the independent director is realized at the following conditions doing:

1. faithful compliance of the Board of directors’ authorities with using ways which reflect the Company’s interests in the most extent;
2. the management taking decisions by the Republic of Kazakhstan’s legislation and the Company’s regulations;
3. the participation in full-time conferences excluding the absence on reason of illness, vacations and business trips, and in all correspondent conferences of the Company’s Board of directors;

The fixed reward is paid in a monitory form once a year in proportion with the work period in the appropriate calendar year during a month after preliminary affirmation of the year financial accounting by the Company’s Board of directors.

The independent directors of the Company Madieva Gulmaira Kurmangalievna and Smailov Erlan Baikenovich are fully appropriate for the independenc criterions on the present accounting’s date stated in the Republic of Kazakhstan Law «About joint-stock companies», Regulations and the Company’s corporative management Code.

Madieva G.K. has a work experience in sphere of capital issues market, financies, has two high educations, MBA degree, the Republic of Kazakhstan financiers association’s member, the Republic of Kazakhstan independent directors Association’s member.

It is necessary to pay attention to that Madieva G.K., an independent director, owing to her qualification and experience has significantly contributed into the activity of the Company’s Board of directors, especially the work production increasing Program working out, the activity efficiency increasing Program, mobilization of the financial sources by euro obligations issue way, and also the questions decision on the affirmation of internal documents, budgets etc.

23 December 2010 by the Joint-stock Company «National company «Kazakhstan temir zholy» Smailov E.B. was elected as the independent director. He has an experience of working at the government service, has two high educations.