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Kazatomprom Shareholders Back Overhaul of Corporate Governance Code

Story Highlights
  • Kazatomprom shareholders approved a new Corporate Governance Code via an extraordinary meeting.
  • The revised code adds director selection reforms, gender quotas and limits on Samruk-Kazyna’s role.
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Kazatomprom Shareholders Back Overhaul of Corporate Governance Code

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National Atomic Company Kazatomprom JSC GDR RegS ( (NATKY) ) just unveiled an announcement.

Kazatomprom has announced that shareholders overwhelmingly approved a new edition of the company’s Corporate Governance Code at an extraordinary general meeting conducted by absentee voting, with 99.18% of voting shares participating. The revised code introduces competitive selection for independent directors, gender quotas for governing bodies and measures to further reduce the operational involvement of majority shareholder Samruk-Kazyna, signalling a push toward stronger governance standards, increased independence and closer alignment with international best practice, which may be viewed positively by investors and other stakeholders.

More about National Atomic Company Kazatomprom JSC GDR RegS

Kazatomprom is the world’s largest producer of uranium, with attributable output accounting for about 21% of global primary uranium production in 2024. The Kazakh national atomic company operates 27 deposits grouped into 14 in-situ recovery mining assets, all located in Kazakhstan, and maintains ISO-certified health, safety and environmental standards. Its securities trade on the London Stock Exchange and Astana International Exchange, and it primarily supplies nuclear power operators in Asia, Europe and North America through long-term, short-term and spot contracts, including via its Swiss trading arm, Trade House KazakAtom AG.

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