Article 9. Governing bodies of the Foundation of the Law On the innovation Cluster "Astana Hub"

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 1. The supreme governing body of the Fund is the Management Committee. The Chairman of the Management Committee is the head of the authorized body in the field of informatization.

The regulations on the Management Committee, as well as its composition, are approved by the authorized body in the field of informatization.

2. The exclusive competence of the Management Committee includes:

1) amendments and additions to the Foundation's charter;

2) approval of the annual and medium-term budgets of the Fund;

3) approval of the rules for procurement of goods, works, and services by the Fund;

4) the definition of an audit organization that performs an external audit of the Fund;

5) other powers in accordance with this Law and the Foundation's charter.

3. The Management Committee includes representatives of the founder, teachers and researchers, representatives of public associations, as well as other persons.

The activities of the Management Committee are provided by the authorized body in the field of informatization.

4. The management of the Fund's day-to-day activities is carried out by its executive body, which may be collegial or sole.

The Executive Body of the Foundation acts on the basis of and in pursuance of decisions of the Management Committee and the authorized body in the field of informatization.

The structure and competence of the Fund's executive body are determined by the Fund's charter.

Authorized body in the field of informatization:

1) determines the quantitative composition and terms of office of the head and members of the executive body of the Fund;

2) elects the head and members of the executive body of the Fund, as well as prematurely terminates the powers of the head and members of the executive body of the Fund;

3) coordinates the activities of the Foundation;

4) develops and approves the rules of the Fund's activities;

5) approves the rules for including legal entities with the status of scientific organizations, joint-stock investment funds for risky investments, educational organizations, technology parks, industrial design bureaus, technology commercialization centers, national development institutes, national management holdings, national holdings, national companies, as well as legal entities engaged in innovative activities in the list of participants in the innovation process. clusters;

6) exercise other powers provided for by this Law, other laws of the Republic of Kazakhstan, acts of the President of the Republic of Kazakhstan and the Government of the Republic of Kazakhstan.

5. The Executive body of the Fund is liable to the Fund for damage caused by actions and (or) omissions in accordance with the laws of the Republic of Kazakhstan.,

6. Other bodies may be established in the Fund in accordance with its charter.

The Law of the Republic of Kazakhstan dated June 10, 2014 No. 207-V SAM.

This Law defines the legal status of the Astana Hub innovation cluster.

President

Republic of Kazakhstan

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