Effective corporate governance as a basis for investment attractiveness: key theses with TIFF

A panel session "The role of improving corporate Governance in attracting foreign investors"was held within the framework of TIEF. The event is organized under the coordination of the Ministry of Investment, Industry and Trade. The topic of discussion was tools that help increase confidence on the part of foreign partners and increase the transparency of the business environment.

The session was moderated by Ayuna Nechayeva, Head of Primary Markets for Europe at the London Stock Exchange. In her opening speech, she stressed that an effective management system is not just an internal control mechanism, but a key element that determines the company's readiness to raise capital internationally.

Murat Koshenov, Deputy General Director of Kazakhstan's Halyk Bank, noted that corporate governance directly affects the ability of companies to attract investment and enter public markets. According to him, capitalization is not only a numerical indicator, but also an indicator of the company's maturity. For investors, it is important to see not just a balance sheet, but the presence of sustainable decision-making mechanisms and interaction with shareholders.

Darina Kogan-Bellamy, partner at Squire Patton Boggs law firm, drew attention to the need for systematic preparation of state-owned companies for IPOs. According to her, the requirements of the public market imply not declarative, but real compliance with management standards: transparency, accountability, strategic planning. At the same time, she stressed the importance of gradually implementing changes so that the transformation is organic and sustainable.

Ravshanbek Kodirov, First Deputy Chairman of the Management Board of InfinBANK, shared his observations from the banking sector. He noted that with the growth of competition and the number of financial market participants, sustainable management models are becoming particularly important. In the context of the structural transformation of the banking system, corporate governance is becoming a system-forming element. At the same time, he urged not to make it an absolute priority, emphasizing the importance of integrated development, including technological and product development.

The discussion was attended by representatives of major international and regional organizations, including Ahmet Atay (The Coca-Cola Company), Philippe Gujon (Independent Audit Ltd.), Dmitry Zelentsov (Nasdaq) and other experts in the field of investment regulation, financial reporting and business transformation.

Among the key topics are practical mechanisms for implementing ESG standards, ensuring responsibility at the level of boards of directors, compliance with international disclosure standards and compliance with public market requirements.

Speakers emphasized that investor confidence is formed on the basis of predictability, transparency and managerial maturity of companies. Especially in the context of the upcoming privatization and IPO processes, corporate governance issues are becoming an integral part of the strategy for sustainable growth and integration into the global economy.