Risk Management Policy
Activity of PJSC RusHydro is connected with a number of risks which in certain conditions may adversely affect its production and financial performance, social and natural environment. To reduce the negative impact of potential hazards and optimize favourable opportunities, a risk management system has been created to ensure the implementation of the Company's strategy.
Organizational structure of control over financial and economic activities and risk management of PJSC RusHydro
The Resolution of the Company's Management Board of November 2014 approved the Development Program for Corporate Internal Control and the Risk Management System of RusHydro Group until 2019.
The Company's activity with regard to risk management is connected with the need to reconstruct the operating generating facilities and construct new ones, including:
The Company's risk management policy:
The Company's risk management policy implies timely identification and prevention of possible risks in order to minimize losses. In October 2015, the Audit Committee of PJSC RusHydro approved the POLICY on Internal Control and Risk Management of PJSC RusHydro as amended.
In November 2015, the Board of Directors of PJSC RusHydro approved the POLICY on Internal Control and Risk Management of PJSC RusHydro as amended.
The new version of the Policy takes into account the new requirements of the regulatory and methodological materials in the field of internal control and risk management for public-owned companies, the best world practices and the main provisions of ISO 31000 Risk Management - Principles and Guidelines. The document reflects changes in the organizational structure of PJSC RusHydro and accumulated experience in developing corporate systems of internal control and risk management.
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