Client of Affiliates
RusHydro was one of the first among large companies in the real sector of the economy to join the Anti-Corruption Charter of Russian Business. As part of its anti-corruption work, the company has developed and implemented software that has received the patent name "Client of Affiliates".
The program is an automated algorithm that makes it possible to effectively identify withholding of information and conflict of interest. It can reveal both declared and hidden participation in a legal entity that has turnover with any company from RusHydro Group. The software uses automated information collection processes to conduct comprehensive checks to identify conflicts of interest within the Group. Reporting within the framework of the declaration campaign is also automated. The program makes it possible to drastically reduce the number of errors when filling out declarations due to the built-in protection against input errors.
In other words, the software makes it possible to quickly verify the affiliation of company employees and their families on the basis of a centralized database of counterparties, beneficiaries of counterparties, and data from the Register of Legal Entities. At the same time, confidential and personal data is protected in strict accordance with Law 152-FZ.
Shares / ADR