Kyrgyzstan is a developing country, which has been part of USSR in the past. Therefore large companies still has government as a major shareholder. There is a basis to use corporate governance principles in Kyrgyz companies and our company is one of them. Below I will describe how corporate governance principles are implemented in our company ElectrStanciyalar (Power Plants) joint stock corporation, the biggest company producing electrical and heat energy (hereinafter the ‘ES JSC’).
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