• Transmission and distribution of
    electric power to own an electric distribution network
    on the territory of Mangystau region
  • 2014 year for transmission and distribution of electric energy amounted to 2945 million.kWh
    The main purpose of the society is to improve the reliability and efficiency of energy supply in the region, as well as the increase of investment attractiveness and increase the value of the company
  • 6170.155 km of overhead transmission lines
    the main purpose of the society is to improve the reliability and efficiency of energy supply in the region, as well as the increase of investment attractiveness and increase the value of the company
  • Transmission and distribution of
    electric power to own an electric distribution network
    on the territory of Mangystau region

In accordance with article 9 of the Charter  JSC «MEDNC» authorities JSC «MEDNC»  are:

1) Supreme body is the general meeting of shareholders;

2) management body-the Board of Directors;

3) collegiate executive body-Board, led by Chairman of the Board of the company;

4) the decision of the Board of Directors to exercise control over financial and economic activity of the company may be formed by the internal audit service.

the supreme body is the general meeting of shareholders of JSC «MEDNC».

The exclusive competence of the general meeting of shareholders are the following questions:

1) amendments to the Charter or the adoption of its new edition;

2) adoption of the code on corporate governance, as well as changes and additions to it or the adoption of its new edition;

3) voluntary reorganization or liquidation of the company;

4) decision to increase the number of authorized shares of the company or change the type of unplaced authorized shares of the company;

5) define the conditions and the procedure of conversion of securities, as well as their change;

6) enactment of the decision to issue securities convertible into common shares of the company;

7) decision on the exchange of outstanding shares of stock of another type, the definition of conditions and procedures for such exchange;

8) determination of headcount and terms of Office of the Commission, the election of its members and early termination of their powers;

9) definition of an auditing company;

10) determination of headcount and terms of Office of the Board of Directors, election of its Chairman, members and early termination of their powers, as well as defining the size and terms of remuneration of members of the Board of Directors as well as the costs of the participation of members of the Board of Directors at meetings of the Board of Directors and committees of the Board of Directors;

11) determination of headcount and terms of Office of the Board of Directors, election of its members and early termination of their powers, as well as the appointment and early termination of the powers of the Chairman of the Management Board of the company;

12) determination of salaries and conditions of remuneration and bonus payments to the Chairman and members of the Management Board of the company;

13) the decision to grant consent to the Chairman and members of the Management Board of the company work in other organizations;

14) approval of the list of employees of the company, appointment or approval by the general meeting of shareholders of the company;

15) approval of the annual financial statements;

16) approval of the total number of employees, organizational structure and staffing of the company except for the staffing of the Secretariat of the Board of Directors and the internal audit service (Audit Commission) of the company, within the approved staffing level;

17) approval of the personnel policy of the company;

18) definition of ideal standards of official cars and premises to accommodate the administrative apparatus;

19) definition of the procedure and conditions for reimbursement to employees of the company, sent on official business;

20) determination of the limits for recovery at the company's expense when granting employees the right to use mobile communication, hospitality expenses limits;

21) approves the rules for distribution of net income of the company for the financial year, the decision on payment of dividends on ordinary shares and the size of dividend per one common share of the company, determine the conditions, manner and order of dividends payment;

22) decision on voluntary de listing shares of the company;

23) the decision on non-payment of dividends on ordinary or preference shares of the company;

24) the decision on the participation of society in the creation or activity of legal persons by transfer of a part or multiple parts of assets in the amount of twenty-five per cent or more of all Public assets;

25) approval of the methodology for determining the value of the shares when their buyout of the society in accordance with the law, as well as the approval of changes in the methodology;

26) adoption of the agenda of the general meeting of shareholders;

27) identification of additional requirements for granting to the shareholders of the company, a Charter of the company, and their abolition, including the definition of the media;

28) approval of the regulations of the Board of Directors of the company;

29) identification of priority directions of activity of the company;

30) approval of the strategy for the development of society, the plan for the development of society, as well as monitoring of the implementation of the strategy of development of society, the execution of the development plan of the company;

31) approval of motivational key performance indicators for the members of the Management Board of the company, as well as monitoring their achievement;

32) approval of the terms and procedure for certification of the employees of the company in accordance with the legislation of the Republic of Kazakhstan for position and talent pool, as well as the adoption of the list of employees subject to mandatory certification;

33) other issues, making decisions on which attributed by law or Charter to the exclusive competence of the general meeting of shareholders.

governing body is the Board of Directors of JSC «MEDNC».

The exclusive competence of the Board of directors include the following:

1) approval and subsequently to the general meeting of the shareholders of the development strategy of the company;

2) decision on convening the annual and extraordinary general meeting of shareholders of the company;

3) preliminary review of the corporate governance code and the introduction of the general meeting of shareholders of the company;

4) preliminary approval of the annual financial statements of the company and make it for approval by the general meeting of shareholders of the company;

5) preliminary approval of the development plan of the company (five-year financial and business plan, detailed annual budget) and making it for approval by the general meeting of shareholders of the company;

6) enactment of location decisions (implementation), including the number of posts (sold) shares within the number of authorized shares, the way and the price of their properties (implementation);

7) decision on the redemption of placed shares or other securities and the cost of their redemption; to determine the conditions of issue of bonds and derivative securities of the Society, as well as the adoption of decisions on their release;

8) determination of headcount, the term of Office of the internal audit service of the company, the appointment of the Director and employees of the internal audit service of the company and early termination of their powers, the definition of the internal audit service of the company, the size and conditions of remuneration and bonus payments to employees of the internal audit service of the company;

9) approval of the annual audit plan of the internal audit service;

10) review of the quarterly and annual reports of the internal audit service and solutions;

11) evaluation of the effectiveness of the internal audit service;

12) appointment, definition of the term of Office of the Corporate Secretary of the Company, early termination of its powers, as well as determining their wages and conditions, Corporate Secretary of the company;

13) approval of the regulation on Corporate Secretary;

14) approval of key performance indicators of the Corporate Secretary, the head of internal audit service;

15) establishment and composition of audit committees and other committees of the Board of Directors, approval of the regulations on the election of members of the committees of the Board of Directors;

16) approval of the committees of the Board of Directors of the company;

17) the appointment and the early termination of the powers of the Ombudsman, as well as approval of the provision on it;

18) validation system for evaluating the performance of the company's Board of Directors, committees of the Board of Directors, the internal audit service;

19 approval of) wage and salary scheme for employees of the company;

20) determination of the audit fee for the audit of financial statements, as well as the evaluator to assess the market value of the property transferred as payment for shares in the company or which is the subject of a major transaction;

21) decisions on the establishment and closure of branches and representative offices of the company and approval of regulations about them;

22) decision on the acquisition of ten percent or more of shares (interests in Charter capital) of other legal entities, as well as the adoption of the decisions on their activities;

23) decision to increase the liabilities of the company by an amount equal to ten per cent or more the size of its equity capital;

24) definition of information concerning the company or its activity of commercial or other secrets protected by law;

25) decision on the conclusion of large transactions and transactions in which the company is interested in, with the exception of transactions, decisions on which are taken by the Board of the company;

26) Board of Directors ' approval of a plan of work for the coming year;

27) approval of documents regulating the activities of the Board of Directors, with the exception of the Board of Directors of the company;

28) approval of the regulation of Board of the society and the documents regulating the internal activity of the company (with the exception of documents adopted by the Board in order to organize the activities of the company), including internal document setting out the conditions and procedure for auctions and subscription of securities, as well as the introduction of changes and amendments or approval of their new edition;

29) approval of a code of business ethics and compliance with its provisions;

30) approval of accounting policy;

31) approval of the list of posts of the employees of the company, the appointment (election) or appointment (election) by the Board of Directors;

32) definition the use of reserve capital of the company;

33) approval of an information security policy;

34) approval of internal procedures for risk management, compliance and performance review, as well as the introduction of changes and additions;

35) approval of other internal documents governing the system of risk management and internal control in society, as well as an assessment of the effectiveness of the risk management and internal control systems;

36) other issues stipulated by a statute and the Charter does not apply to the exclusive competence of the general meeting of shareholders.

Executive Body-the Board of the «MEDNC».

The Board of JSC «MEDNC» carries out its activities in accordance with the regulations of the Board of JSC «MEDNC».

Within the competence of the Board include the following:

1) action aimed at achieving the goals of the society;

2) development, approval and submission to the Board of Directors of the development plan of the company (five-year financial and business plan), a detailed annual budget;

3) timely notification of the Board of Directors on significant deficiencies in risk management system in the company;

4) approval of internal documents, to organize the activities of the company, except for the documents to be approved by the Board of Directors of the company;

5) presentation of projections to the shareholders dividends on the shares of the company up to 20 (twenty) March of the year preceding the planned;

6) decision on the conclusion of the transaction by company or set of interrelated transactions, in which the Company is acquired or disposed of (can be acquired or alienated) property, the cost of which is more than two and less than twenty-five per cent of the assets of the company, with the exception of transactions which, in accordance with the Charter, is Chairman of the Board of the company;

7) exercise control over execution of decisions of the Board of Directors, the general meeting of shareholders, the recommendations of an auditing annual financial statements, as well as the recommendations of the internal audit service;

8) Organization of the work to determine the causes and conditions that give rise to unlawful actions against the property of the company;

9) other issues stipulated by the legislation of the Republic of Kazakhstan and the Charter outside the competence of the general meeting of shareholders and of the Board of Directors.

The authority responsible for the supervision of financial and economic activity of the company, evaluation of internal control, risk management, performance of documents in the field of corporate governance and consulting in order to improve the activities of the company-internal audit service.

The internal audit service could be established by a decision of the Board of Directors of «MEDNC».

FaLang translation system by Faboba

igisinova

Igisinova Saltanat Zhanalikovna.

 

Chairman of the Board of JSC «Mangistau electricity distribution network company»

 

 

Dear visitors of site!

Welcome to the corporate website of JSC «Mangistau electricity distribution network company».

Our company is one of the largest enterprises of the Western region of Kazakhstan, which enjoys a dominant position on the market of rendering services on transmission and distribution of electricity in Mangistau region. Ninety percent of the electricity transported through the networks of JSC «MEDNC», consumed the largest oil companies in the region

The company's goal is to provide consumers with reliable and uninterrupted power for the safe operation of equipment, installations, structures and transmission devices. Special attention the Company pays the extension and reconstruction of networks of power supply system

We hope that our website will become not only a constant source of reliable information about company, and energy issues in General and reliable way of feedback from partners, customersall of whom, in one way or another, concerns the activities of JSC «Mangistau electricity distribution network company».

 

Sincerely yours,

Igisinova Saltanat Zhanalikovna

Chairman of the Board of JSC «Mangistau electricity distribution network company»