Rashid Gaissin, Yerlan Beyssembinov  Kazakh Legislation Regulating Liability of Board Members

One of the most important and most commonly discussed problems, though not carefully studied problem of corporate governance in Kazakhstan, is the necessity to step up and specify the liability of members of boards of directors. This is due to their desire to prevent their participation in actions, which can cause internal corporate scandals, lawsuits, fall in profitability or even the bankruptcy of a company. European countries pay more attention to the problem of corporate governance and liability of persons in charge of administration…

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