Based on the results of the assessment of the company's corporate governance system:

The independent organization “Intelligent analytics group” LLC provided a report, conclusion and recommendations on improving the efficiency of the company's corporate governance system No. 01 / 01-67 dated April 21, 2017.

According to the results of the assessment, the corporate governance system of JSC “BIOKIMYO” is recognized as “high”, gaining 619 points and is 52%.

The assessment revealed  

Identified non-compliance with the recommendations of the Code

Explanations

There are no clear criteria for classifying information as confidential information, commercial secrets

At the meeting No. 19 of the company's supervisory board dated May 23, 2017, the "Regulations on the criteria for classifying information as confidential information and commercial secrets, protecting its confidentiality, disclosing and monitoring its illegal use in BIOKIMYO"

The procedure for voting of JSC representatives in management bodies has not been determined

At the meeting No. 19 of the company's supervisory board dated May 23, 2017, the "Procedure for voting on behalf of the company of its representatives in the management bodies of enterprises in which BIOKIMYO Joint Stock Company

There are no requirements for the composition and qualifications of members of the Supervisory Board and Audit Commission

At the general meeting of shareholders following the results of 2016 on June 15, 2017, new versions of the regulations on the supervisory board and the audit commission were approved, which included additional items on qualification requirements for members of bodies.

The charter does not provide for a specific date for the general meeting of the company.

At the general meeting of shareholders following the results of 2016 on June 15, 2017, a new version of the Charter of the company was approved, which provides for a specific period for holding the general meeting of shareholders.

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

Measures were taken to translate internal corporate documents into Russian and English. As of today, the publication of the obligatory disclosure of information about the joint-stock company with translation into English, Russian and the state language has been provided.

Lack of text of the announcement of the competitive selection of the head of the executive body

At the time of the assessment, the text of the announcement was not available, as there was no competition for the selection of the head.

This year, a competition was held to select candidates for the head of the executive body. Competition announcements have been published.

At the moment, the Regulations for the selection of candidates to the executive body are available in 3 languages.

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 certificate was obtained and an ISO quality audit is carried out every year.