Compliance

The Compliance Service of Kazakhstan Petrochemical Industries Inc. LLP (KPI) ensures the establishment and continuous development of an effective compliance system aimed at ensuring compliance with the laws of the Republic of Kazakhstan, the Company's internal documents, corporate standards and principles of business ethics.

The main objective of the Compliance Service is to promote responsible and ethical business conduct by preventing and mitigating compliance risks, fostering a culture of integrity and zero tolerance for corruption and unethical conduct, and enhancing the transparency of business processes.

The Compliance Service operates independently within its established authority, which supports objectivity in addressing compliance matters and developing relevant recommendations.

Key responsibilities of the Compliance Service include:

preventing and mitigating corruption and other compliance risks;
monitoring compliance with applicable legal requirements and the Company's internal documents;
identifying and assessing corruption risks;
fostering a culture of business ethics, integrity and zero tolerance for corruption;
providing employees with advice and guidance on compliance and business ethics matters;
supporting the identification and resolution of conflicts of interest;
conducting due diligence of counterparties and assessing related compliance risks;
supporting compliance with applicable sanctions and other restrictive requirements;
conducting compliance training and awareness-raising activities;
continuously improving the compliance system based on identified risks, legislative developments and best practices.

Confidential Reporting of Potential Violations

The Compliance Service also handles reports of potential violations received through the Company's established speak-up and reporting channels.

Reports may concern potential violations of legislation, the Company's internal documents and the Code of Corporate Ethics, including corruption, conflicts of interest, fraud, abuse of authority, unethical conduct and other violations.

KPI maintains a zero-tolerance approach to corruption and other violations of business ethics principles.

The Company is committed to creating a safe and open environment where every employee and business partner can seek advice on compliance matters or report a potential violation in good faith.

When handling reports, the Company ensures objectivity, confidentiality and non-retaliation against individuals who make good-faith reports of potential violations, in accordance with applicable requirements and the Company's internal documents.