Based on the results of the assessment of the company's corporate governance system for 9 months of 2018:

State Enterprise Central Securities Depository presented a report, conclusion and recommendations on improving the efficiency of the corporate governance system of the company No. 11-15 / 130 OTs dated October 24, 2018.

According to the results of the assessment of the corporate governance system, the total number of points was 1,045 points, that is, 87.08%, and in the opinion of the Central Depository, the level of the corporate governance system in BIOKIMYO JSC is recognized as “high” based on the results of the assessment carried out in the first half of 2018.

As a result of studying the assessment of the state of the corporate governance system, the following were identified:  

Remarks on non-compliance with the recommendations of the Code

Explanations

The long-term strategy of the company has not been approved

The society is unable to develop a long-term strategy, since the main economic and financial indicators of the strategy depend on the balance of production, which is annually approved by the Cabinet of Ministers of the Republic of Uzbekistan for one year.

The updated organizational structure with an explanatory note is published in 3 languages ​​on the website of the society.

The updated organizational structure of the society is published on the website of the society in 3 languages. But the explanatory note to the organizational structure is only in Russian. In the 4th quarter of 2018, an explanatory note to the organizational structure will be published in the state language and in English.

Publication of information about the joint-stock company subject to mandatory disclosure with translation into English is not provided

As of today, the publication of information subject to mandatory disclosure about the joint-stock company has been provided in English, basic information is published, that is, 85%, about the joint-stock company and internal documents on the company's official website, in addition to the essential facts of the company.

About obtaining a quality management system certificate

Received the national quality certificate ISO 9001: 2015 and ISO 22000.

The company carries out activities in the field of production of strategic raw materials, which are sold only to enterprises of the Republic of Uzbekistan. In this regard, a national quality management certificate was obtained and an audit is carried out once a year.

Based on clause 37 of the "Regulations on the procedure for certification of the management system" approved by the order of the Director General of the Uzbek Agency for Standardization, Metrology and Certification dated January 4, 2016, a quality audit that the relevant ISO standards are applied in the activities of the enterprise should be carried out no more than once a year.