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Compliance Matters in KMG Group Discussed in Zhanaozen

27.08.2024

On 27 August, the Compliance Service of NC KazMunayGas JSC (KMG) held a working meeting with Ozenmunaigas JSC (OMG), KazGPP LLP and the oil service company OMS LLP in Zhanaozen. Particular attention was paid to the matters of proactive reporting via the centralised Hotline of Samruk-Kazyna JSC and the discussion of the role of the compliance function in ensuring corporate ethics in the subsidiary and dependent entities.

The focus was on the effectiveness of proactive reporting via the Hotline, which offers employees and external partners the opportunity to report possible violations and misconduct. The participants noted an increase in confidence in this tool.

Particular emphasis was placed on objectivity and transparency in the handling of reports received via the Hotline. Employees from OMG, KazGPP LLP and OMS LLP shared successful examples of resolving the problems identified and discussed measures to improve the handling of reports in order to minimise the risks of violations of laws and corporate standards.

The meeting participants also emphasised the importance of proactive reporting as a key element in maintaining and developing corporate culture and legal compliance. The transparency and accessibility of the Hotline for employees at all levels of the company was highlighted as a key condition for the effective functioning of the compliance system and adherence to ethical standards.

Following the meeting, decisions were made to further optimise the centralised Hotline, including raising employee awareness of the possibilities and importance of proactive reporting. The event confirmed the importance of the Hotline as one of the main tools for ensuring ethics and transparency in KMG Group.


JSC NC KazMunayGas

On 27 August, the Compliance Service of NC KazMunayGas JSC (KMG) held a working meeting with Ozenmunaigas JSC (OMG), KazGPP LLP and the oil service company OMS LLP in Zhanaozen. Particular attention was paid to the matters of proactive reporting via the centralised Hotline of Samruk-Kazyna JSC and the discussion of the role of the compliance function in ensuring corporate ethics in the subsidiary and dependent entities.

The focus was on the effectiveness of proactive reporting via the Hotline, which offers employees and external partners the opportunity to report possible violations and misconduct. The participants noted an increase in confidence in this tool.

Particular emphasis was placed on objectivity and transparency in the handling of reports received via the Hotline. Employees from OMG, KazGPP LLP and OMS LLP shared successful examples of resolving the problems identified and discussed measures to improve the handling of reports in order to minimise the risks of violations of laws and corporate standards.

The meeting participants also emphasised the importance of proactive reporting as a key element in maintaining and developing corporate culture and legal compliance. The transparency and accessibility of the Hotline for employees at all levels of the company was highlighted as a key condition for the effective functioning of the compliance system and adherence to ethical standards.

Following the meeting, decisions were made to further optimise the centralised Hotline, including raising employee awareness of the possibilities and importance of proactive reporting. The event confirmed the importance of the Hotline as one of the main tools for ensuring ethics and transparency in KMG Group.


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