Interaction with Society

To interact with society and correspond to the principles of corporate social responsibility, Samruk-Energy Group of Companies has determined the priorities for itself according to which sponsor charitable assistance will be rendered.

The Company has consolidated this in the Development Strategy and Strategy of Corporate Social Responsibility. Assistance criteria are creation of new opportunities which can be used by maximum residents of towns and villages, and improvement of population life quality. 

The state concerns fair competition with a special emphasis. The Agency for Protection of Competition and its regional offices constantly monitor the market to suppress a confederacy of manufacturers and unfair competition.

Samruk-Energy Group of Companies tends to conduct its business according to the best world practice. Market share and operating profit are increased by applying fair and competitive practices. During 2013, Samruk-Energy Group of Companies had not received any messages on hindrance of competition from a supervision authority.

Analysis of Business Units against Corruption-Related Risks 

The Policy has been elaborated to form a uniform concept of the Company employees and other persons about non-acceptance of fraud and corruption.

As per Item 37 of Action plan on improvement of corporate governance in Samruk-Energy JSC approved by a decision of the Board of Directors dated March 28, 2013 (Minutes No.71), a Counter Fraud and Corruption Policy in Samruk-Energy JSC has been developed and approved (decision of the BoD of Samruk-Energy JSC dated 09.09.2013, Minutes No. 77).

The Policy has been elaborated to form a uniform concept of the Company employees and other persons about non-acceptance of fraud and corruption of any forms and expressions and to minimize the risks of fraud and involvement of the Company into corruption.

The Policy has set the guidelines on counter fraud and corruption as well as management basics for prevention of fraud and corruption and their control, minimization and/or remediation of fraudulent and corruption actions. 

The Policy provisions are applied to the officers and employees of the Company and its subsidiaries, and to third parties – counter-agents who work under the contract relations (auditors, advisers, etc.).

The Policy content includes the chapters which provide a purpose, field of application, definitions, responsibility, the counter fraud and corruption guidelines, types of fraudulent and corruption violations, means of implementation, cooperation on counter fraud and corruption, the primary areas of counter fraud and corruption, measures for fraud and corruption prevention.

TO IMPLEMENT THE ABOVEMENTIONED POLICY, AN ACTION PLAN ON COUNTER CORRUPTION IN SAMRUK-ENERGY JSC WAS DEVELOPED AND APPROVED DATED 30.09.2013. THE FOLLOWING WORK UNDER THE PLAN HAS BEEN CARRIED OUT:

1. in September 2013, the officers and employees of Samruk-Energy JSC familiarized themselves with the Policy and provided a confirmation note about familiarization to the Department of Human Resources Management. Moreover, the DHRM constantly introduce the Policy to new employees;
2. 19.09.2013, a lecture on application of the Counter Fraud and Corruption Policy was carried out for the Company employees. The lecture was delivered by Oksana Borisovna Filipets, Associate Professor of Department on Criminal Law and Pre-trial Proceeding of the Financial Policy Academy, candidate of legal sciences, financial policy captain. This resulted in press-release which was placed on the Company web-site;
3. in September 2013, the Policy text was placed on web-site of Samruk-Energy JSC;
4. October 10, 2013, the Policy was sent to SAAs to elaborate and approve the similar Policy;
5. A Handbook on Counter Fraud and Corruption in Samruk-Energy JSC was elaborated and sent to all organization departments of the Company.

Furthermore, negative publications in mass media against the officers and employees of Samruk-Energy JSC and Subsidiaries are constantly monitored for frauds and corruptions. 

At the end of 2013, there were no facts of frauds and corruptions in Samruk-Energy Group of Companies.

The Policy provisions are applied to the officers and employees of the Company and its subsidiaries, and to third parties – counter-agents who work under the contract relations (auditors, advisers, etc.).