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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Senate adopts law on National Welfare Fund

Posted on 12 January 2012

The Samruk-Kazyna National Welfare Fund will reconsider the principles of corporate governance in its companies. From now on, the fund will be able to make decisions on current issues at its own discretion and the intervention of state agencies in its activities will be limited.
The senate has passed a law On the National Welfare Fund. It is mainly aimed at expanding managerial authority of Samruk-Kazyna in the post-crisis period, which requires independence, flexibility and efficiency………………………………………..Full Article: Source


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