Аңдатпа
Corporate governance now plays a vital role in determining the future of companies. One of the leading indicators of the corporate governance system is the Board of Directors. The article describes the working mechanisms of the board in the context of the "Samruk-Kazyna" National Welfare Fund (NWF). Research shows a direct link between board composition and company value. Selecting qualified and competent board members is critical to ensuring effective corporate governance. In addition, the leading role of management also plays the definition of clear goals, deadlines for their implementation, and the use of incentives and punishments for their achievement or failure to achieve them. Particular attention is paid to the mechanism for building corporate economic management in a quasi-state sector through transformation programs. The transformation allowed the Boards of Directors of the Samruk-Kazyna NWF to transform from formal bodies into fundamental strategic institutions. The adopted Corporate Management Code played a crucial role in this process. This article discusses the main features of corporate management, the historical development of corporate management in Kazakhstan, the development process and norms of development management in the Samruk-Kazyna NFW. Our research shows that choosing the right board members and implementing effective incentives and penalties are critical elements of successful corporate governance that promote the sustainable development of companies.