OREANDA-NEWS. Following a decision of the extraordinary general meeting of shareholders of Kazakhstan Stock Exchange (KASE, or the Exchange) of February 11, 2016, the revised Corporate governance code of Kazakhstan Stock Exchange (the Code) has been approved, with effect as of February 11, 2016.

The new edition of the Code was developed on the basis of the same-named document for purposes of its updating and bringing it in line with the legislation of the Republic of Kazakhstan on joint-stock companies and the securities market and the Exchange's revised charter.

In the new Code:

- term "Exchange Council" was replaced with the "Exchange's Board of Directors";

- the titles of the first head of the Exchange and his deputies were changed as follows: from the "President" to the "Chairman of Management Board"; from the "First Vice-president" and "Vice-president" to "deputy Chairman of Management Board";

- editorial amendments were made.

The Code defines rules of business ethics which must be observed by bodies of the Exchange and members of collegial bodies of the Exchange (participants of corporate relations) at execution of activities related to the Exchange's corporate governance.

As of February 11, 2016 the previous edition of the Code was pronounced invalid.