The governance system of Gobi JSC is designed to balance the interests of shareholders, management, and other stakeholders while guiding, implementing, and overseeing the company’s objectives and operations. Our company follows the Company Law, the Mongolian Corporate Governance Code, and draws from best practices in corporate governance globally to establish strong governance and to lead in this area.

The Annual General Meeting of Shareholders appoints the Board of Directors (BoD), which aims to protect the rights of shareholders and investors, increase the return on assets, and oversee and guide the executive management in an effective manner.

The BoD operates three committees: the Nomination Committee, the Remuneration Committee, and the Risk and Audit Committee. Each committee implements policies according to its function, monitors the activities of the company’s management team, provides assessments, and reports their findings to the BoD. The Risk and Audit Committee oversees the Internal Audit Division, which independently implements internal control across the company.

The BoD is supported by the BoD Office, which consists of two members: the Board Secretary and a Board Specialist. The BoD Secretariat is responsible for organizing and preparing board and committee meetings, ensuring transparency in communication with the public, developing and monitoring the implementation of governance policy documents, addressing corporate governance issues, and managing and responding to shareholders' requests and providing necessary information.