Nomination and selection procedure

The procedure for nominating and selecting candidates to the Board of Directors is set out in KMG’s Charter and other internal documents, as well as the Guidelines on Forming Boards of Directors / Supervisory Boards at Companies of Samruk‑Kazyna. Board members are elected by the General Meeting of Shareholders, supported by the Chairman of the Board of Directors and the Nomination and Remuneration Committee chair. The recruitment and hiring process is driven by transparency, impartiality, and meritocracy.

Members of the Board of Directors may be elected from among the Company’s shareholders who are individuals, individuals nominated (recommended) as representatives of shareholders, and other individuals who are not the Company’s shareholders and are not nominated (recommended) as representatives of shareholders. Candidates to the Board of Directors are expected to possess the knowledge, skills and experience required to perform their functions and support the creation of KMG’s long‑term business value and sustainable growth, as well as to have an impeccable business reputation.

The Chairman of the Board of Directors is elected by the General Meeting of Shareholders.

Independent directors are selected in accordance with KMG’s Charter, Corporate Governance Code, Regulations on the Board of Directors, and the Guidelines on Forming Boards of Directors / Supervisory Boards at Companies of Samruk‑Kazyna.