ADVANTAGES OF USING A CORPORATE GOVERNANCE MECHANISM IN THE FIELD OF MINING AND METALLURGY

Abstract

"NKMK" JSC, a world leader in the mining industry, is one of the four largest gold producers in the world. During its 65-year history, the company was the first to master and develop the full cycle of gold mining, from innovative geological exploration to the production of the highest quality finished product. From January 1, 2022, an active and large-scale transformation process has begun, which involves the introduction of modern corporate management principles into the system of "Navoi mining and metallurgical combine" JSC. This article examines the introduction of corporate governance principles in JSC "NKMK" and its initial results today. The article defines the term corporate governance, how it affects the growth and development of enterprises in general, then analyzes corporate governance in JSC "NKMK" and compares the results of JSC "NKMK" with the list of Top-10 leading mining companies. In the conclusion, the author summarizes the analysis of corporate management based on the "case" of "NKMK" JSC.