Article 5. Principles of operation of the Foundation of the National Welfare Fund Act

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The Foundation's activities are based on the following principles:

1) respecting the interests of the state as the sole shareholder of the Fund;

2) profitability, efficiency, transparency and accountability of the activities of the Fund and other organizations belonging to the Fund group;

3) consistency and efficiency in decision-making and their implementation;

4) social responsibility of the Foundation;

5) legality.

The Law of the Republic of Kazakhstan dated February 1, 2012 No. 550-IV.

This Law defines the legal status, operating procedure, goals, objectives and powers of the National Welfare Fund, the procedure for interaction between the National Welfare Fund and government agencies, as well as certain features of the legal status of legal entities whose shares (participation interests) belong to the National Welfare Fund and other organizations belonging to the National Welfare Fund group.

President

Republic of Kazakhstan

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