Following a decision of Kazakhstan Stock Exchange's board of directors of March 5, 2016, Zhanat Kurmanov – director of Insurance surveillance department of the National Bank of Republic of Kazakhstan was appointed the Chairman of KASE's board of directors. Azamat Joldasbekov, Chairman of board of directors, independent director of Central Securities Depository JSC, was appointed a person entitled to substitute the Chairman of KASE's board of directors in case of his absence or a conflict of interests.