Based on the results of the assessment of the company's corporate governance system for 2017:

State Enterprise Central Securities Depository presented a report, conclusion and recommendations on improving the efficiency of the corporate governance system of the company No. 13-15 / 108 OTs dated February 14, 2017.

According to the results of the assessment of the corporate governance system, the total number of points was 995 points, that is, 83%, 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 2017.

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

As of today, the publication of the obligatory disclosure of information about the joint-stock company in the state language and with translation in Russian has been fully ensured.

With translation into English, basic information is published, that is, 85%, about JSC and internal documents.

Is it possible for shareholders to vote by e-mail (with confirmation by an electronic digital signature), as well as to hold a general meeting in the mode of video conferencing?

The issue of creating the necessary conditions for voting by e-mail with confirmation of the digital signature is being considered.

Application of management methods in JSC, including SWOT, GAP analysis and other approaches, special software products, etc.

The issue of application and implementation of the above management methods will be considered.

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

This year, a competition was held to select candidates for the head of the executive body. Announcements for the competition have been published in the state and Russian languages. The text of the announcement of the next competitive selection of the head of the executive body will be published 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 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.