CONCLUSION ON THE ASSESSMENT OF THE CORPORATE  GOVERNANCE SYSTEM OF JSC «OQTOSH-DON» FOR 2022

In order to fulfill the recommendations of the Corporate Governance Code, based on the decision of the Supervisory Council of JSC «OQTOSH-DON», the Company carried out an independent evaluation of corporate governance.

BALANS-INFORM-AUDIT LLC carried out an independent evaluation of the Company’s corporate governance system for 2022.

According to the results of the study of the corporate governance system of JSC “OQTOSH-DON”, an opinion was given, according to which the Company received a “satisfactory” rating – (449 points or 37% according to the percentage scale). Also, the relevant recommendations were given to improve the corporate governance system in JSC “OQTOSH-DON”

It should be noted that an independent evaluation of the corporate governance system is based on a questionnaire approved the State Competition Committee Republic of Uzbekistan and the Scientific-Educational Center of Corporate Governance.

As a result of the evaluation of the effectiveness of recognized:

• unsatisfactory – if the total value was obtained scores below minus 600

points;

• low – if the total value was obtained scores less than 0, but not below minus 600 points;
• satisfactory – if the total value was obtained scores lower than 600, but not less than 0 points;
• high – if the total value was obtained scores of 600 points or higher.