Dedication across the board
Annual Report 2012

Governance

Corporate Governance

Zhaikmunai is committed to implementing exemplary standards of corporate governance practices in the interests of all its stakeholders.

As a limited partnership registered in the Isle of Man, Zhaikmunai LP is managed by its general partner Zhaikmunai Group Limited (the General Partner). While the partnership is not legally subject to the UK Corporate Governance Code and there are no statutory corporate governance recommendations applicable to limited partnerships formed in the Isle of Man, we recognise the importance of corporate governance and as such the Board of Directors of the General Partner has voluntarily adopted a corporate governance code for the Group (the Code).

In adopting its Code, the General Partner has given consideration to the best practice provisions on corporate governance set out in the UK Corporate Governance Code. The General Partner has also put in place procedures to comply with the internal control aspects of its Code and to ensure that the partnership is able comply with its ongoing obligations under the UK Listing Rules and the UK Disclosure and Transparency Rules. A copy of Zhaikmunai’s Corporate Governance Code is publicly available at Zhaikmunai’s corporate headquarters (see Corporate Headquarters).