The internal control and risk management system at Kubanenergo is based on cooperation and distribution of powers of its management organs and divisions and staff, who carry out development, approval, application and assessment of the effectiveness of internal control procedures. Managers and specialists of all levels of Kubanenergo management take part in the risk management and internal control processes.
The development and funtioning of the internal control and risk management system is carried out on the basis of the Internal Control Policy and the Risk Management Policy, approved by the Board of Directors.
To ensure a uniform approach to carrying out the processes of indentifying, assessing and managing risk in the Company Methodical Recommendations in Risk Management is used, approved in 2011 by the Audit Committee of the Board of Directors.