Risk Management
In order to ensure sustainable continuous development of the Company, achievement of strategic goals and objectives, the Company has implemented and successfully operates Risk Management System (RMS).
The goal of the RMS is to improve the efficiency of risk, threat and opportunity management, which should contribute to the process of increasing the Company's capitalization. In accordance with the Company's Development Strategy, the RMS has the following objectives:
- Protection of interests of the Sole Shareholder of the Company;
- Ensuring strategic and operational stability of the Company;
- Prevention and/or reduction of losses in the event of unfavorable risks for the Company;
- Development and application of uniform and consistent approaches to identification, assessment and management of the Company's risks, improvement of procedures for exchange of information on risks vertically (management) and horizontally (experience sharing).
The Company has adopted the Risk Management Policy, which establishes goals and objectives, basic principles of risk management and determines the organizational structure and functions of the participants of the Risk Management System in the Company.
The Company's risk management activities are carried out in the following areas:
- Strategic risks;
- Financial risks;
- Compliance risks;
- Operational risks;
- Investment and project risks.
Description of methods and procedures of the risk management process, including the procedure for submission and reporting forms, as well as risk management activities and other components of this process are regulated in the internal risk management documents approved in accordance with the established procedure.
