Improvement of indicators of socio-economic development of the regions of Kazakhstan

Turekulova, Dametken; Beisengaliyev, Berik; Turekulova, Assiya; Saimagambetova, Gaukhar

doi:10.1051/e3sconf/202340208041

Cited by 4 publications

(1 citation statement)

References 16 publications

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“…However, research by Yermack and other scientists points to an interesting aspect: the inverse relationship between board size and company value. This is because as the number of members on the Board of Directors increases, decisions become more complex and slower, and the risk of dilution of responsibility increases [5]. This hypothesis is confirmed by studies by Guest, Rajangam, as well as Andres and his colleagues [6,7,8].…”

Section: Methods and Methodologymentioning

confidence: 75%

Corporate governance and its role in the transformation of the company

Shukeyev,

Niyazov,

Valiyeva

et al. 2023

E3S Web Conf.

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Corporate governance now plays a vital role in determining the future of companies. One of the leading indicators of the corporate governance system is the Board of Directors. The article describes the working mechanisms of the board in the context of the "Samruk-Kazyna" National Welfare Fund (NWF). Research shows a direct link between board composition and company value. Selecting qualified and competent board members is critical to ensuring effective corporate governance. In addition, the leading role of management also plays the definition of clear goals, deadlines for their implementation, and the use of incentives and punishments for their achievement or failure to achieve them. Particular attention is paid to the mechanism for building corporate economic management in a quasi-state sector through transformation programs. The transformation allowed the Boards of Directors of the Samruk-Kazyna NWF to transform from formal bodies into fundamental strategic institutions. The adopted Corporate Management Code played a crucial role in this process. This article discusses the main features of corporate management, the historical development of corporate management in Kazakhstan, the development process and norms of development management in the Samruk-Kazyna NFW. Our research shows that choosing the right board members and implementing effective incentives and penalties are critical elements of successful corporate governance that promote the sustainable development of companies.

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Section: Methods and Methodologymentioning

confidence: 75%

Corporate governance and its role in the transformation of the company

Shukeyev,

Niyazov,

Valiyeva

et al. 2023

E3S Web Conf.

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Improving corporative management in state companies: Prospects, distribution of power and collegial decision

Shukeyev,

Niyazov,

Kurmankulova

et al. 2023

E3S Web Conf.

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This article presents a methodology for assessing corporate governance belonging to the quasi-public sector organisations. The article discusses the main prerequisites based on which a new methodology for assessing this type of corporate governance is developed and applied. The object of the study is the National Welfare Fund “Samruk-Kazyna". The analysis of corporate governance is considered from the perspective of an economic approach, within which three essential aspects are highlighted: structure, process and transparency. The work also presents a scale for assessing corporate governance, which allows performing a quantitative assessment of the effectiveness of the management system within the organisation. The study presents the results of applying this method, which demonstrate that most companies in the quasi-public sector have already reached a certain level of development in corporate governance, which became the reason for the search for a new approach to assessing this system. The authors emphasise the importance of defining criteria for improving the effectiveness of corporate governance and identifying the strengths and weaknesses of this system. In this context, corporate governance assessment is based on professional assessments and expert opinions and not simply on the presence of specific business processes. Moreover, this assessment must be agreed with the principles and requirements established by the Corporate Governance Code.

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Social, Labor, and Economic Behavior of Young People in the Context of the Emergence of a Digital Society

Turekulova,

Mukhambetova,

Chimgentbayeva

et al. 2024

E3S Web of Conf.

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This scientific article examines the transformative impact of digital society on the social, labour, and economic behaviour of young people. The advent of the digital age has ushered in profound changes in how younger generations interact, work, and engage with the economy. In social behaviour, online social networks have become pivotal, enabling virtual communities and reshaping norms of interpersonal communication. Simultaneously, digital activism has empowered young individuals to advocate for social and environmental causes on a global scale. However, the digital landscape has introduced mental health and well-being challenges, calling for a nuanced approach to its influence. In the labour sector, the rise of remote work and the gig economy has redefined traditional employment models, offering flexibility but posing job security concerns. The necessity for continuous upskilling has emerged as a response to rapid technological advancements. In the economic sphere, young people have embraced online shopping, digital payments, and diverse investment opportunities, marking a shift in consumer and financial behaviours. As the digital society evolves, young individuals must navigate the associated challenges while harnessing opportunities. Equipping them with digital literacy and critical thinking skills is essential to ensuring their successful integration into this dynamic and ever-changing landscape.

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Improvement of indicators of socio-economic development of the regions of Kazakhstan

Cited by 4 publications

References 16 publications

Corporate governance and its role in the transformation of the company

Corporate governance and its role in the transformation of the company

Improving corporative management in state companies: Prospects, distribution of power and collegial decision

Social, Labor, and Economic Behavior of Young People in the Context of the Emergence of a Digital Society

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