KEGOC: Top Managers Earn More in a Year
KEGOC top managers' remuneration for the first three quarters of 2024 increased by 56% compared to the same period in 2023, Orda.kz reports.
The Kazakhstan Association of Minority Shareholders (QAMS) drew attention to this fact in its Telegram channel.
The company's financial statements indicate that from January 1 to September 30, 2024, the JSC's management earned a total of 577 million tenge.
The concept of ‘remuneration’ includes: wages and other expenses (taxes, financial assistance for health improvement, sick leave, vacation pay) and bonuses based on the results of activities for the reporting period, notes QAMS.
Comparatively, in 2023, KEGOC management earned 370 million tenge in the first three quarters. The bulk of this amount was salaries and bonuses.
The remuneration of key management personnel mainly consists of salaries and bonuses based on operating results, the joint-stock company said in its financial statements.
The document specifies that KEGOC has earned 232.4 billion tenge since the beginning of 2024 and increased its direct financial assets to 43.4 billion tenge. Expenses on the board amounted to 12 million 155 thousand tenge.
JSC KEGOC is the Kazakhstan system operator that manages the power grids throughout the country and is responsible for the operation of the energy system.
Original Author: Nikita Drobny
Latest news
- More Than 190 Dead Seals Wash Up on Caspian Coast in Mangystau
- Billions in Pharma, but Still Dependent on Imports: How Long Will Kazakhstan Keep Buying Medicines From Abroad?
- Kazakhstan Plans to Rethink the Unified National Testing System
- Almaty Plans to Buy Out Old Cars to Improve Air Quality
- Almaty Metro to Install Protective Platform Doors for 7 Billion Tenge
- Kazakhstan Plans at Least Three Nuclear Power Plants by 2050 to Strengthen Energy Security
- Tokayev Calls for Radical UN Reform at Antalya Forum
- Billions Are Going to Agricultural Science in Kazakhstan, but Deputies Say It Is Still Not Enough
- Kazakhstan Sets New Rules for Film Review Before Release
- State Seizes Tanker, Refinery and Fuel From Aktau Smuggling Group
- Morocco Raises Billions for Fertilizers, Counting on Sulfur From Kazakhstan
- Kazakhstan’s Akimats Lead in Number of Corruption Cases, Analysts Say
- Kazakhstan Has Failed to Create Proper Conditions for Visually Impaired Schoolchildren, Deputy Says
- Small Business Under Threat? Deputies Challenge New Procurement Rules
- Kazakhstan Sentences Activists Over Burning Chinese Flags and Xi Portrait
- 340 Billion Tenge in Debt and Months of Waiting: Are Farmers Being Offered Digital Promises Instead of Real Help?
- Construction of a New Thermal Power Plant Begins in Semey
- Plane Hits Dog While Landing in Shymkent
- Kazakhstan to Train White Hat Hackers and AI Engineers to Protect Energy Infrastructure
- Middle East Conflict Puts Kazakhstan-Iran Joint Projects on Hold
