Succession planning, induction and development

The Company developed and adopted the Succession Policy and Succession Plan for Members of KMG’s Board of Directors for the period from 2021 to 2024.

KMG has in place an Induction Programme for New Members of the Board of Directors (the “Programme”) approved by resolution of the Board of Directors in 2017. In June 2020, the Board of Directors resolved to supplement the Programme with the requirement to hold meetings with heads of the Company’s functional units, as well as meetings with Board committee chairs. The Corporate Secretary monitors the Programme implementation, i.e. the actual completion of all relevant procedures by new members of the Board of Directors. The Programme regulations are updated on an ongoing basis. In 2024, a newly elected member of KMG’s Board of Directors, Chairman of the Management Board Askhat Khassenov completed the induction course under the Programme.

KMG has established the Policy on Professional Development of Members of the Board of Directors and Attraction of External Experts by Members of the Board of Directors, approved by resolution of the Board of Directors in 2013.

By the resolution of the Board of Directors dated 5 June 2024 (Minutes No. 14/2024, item 7), amendments were incorporated into the Professional Development Programme for Members of the Board of Directors for 2023–2024, approved by the Board of Directors through its resolution dated 6 December 2023 (Minutes No. 24/2023, item 8). Furthermore, members of the Board of Directors continuously improve their qualifications and provide information about completed trainings to be posted on the Company’s website.