Internal control and risk management

Provision of efficiency and constant perfection of the system of internal control and risk management is one of the Company’s priorities. The development of internal control and risk management is primarily aimed at the provision of rational assurance in reaching strategic goals by the most efficient way, asset preservation and investment attractiveness as well as at the maintenance of governance efficiency and at the provision of trouble-free energy supply and energy efficiency.

Our principles of functioning, processes and procedures of internal control and risk management system (hereinafter referred to as the ICRMS) are regulated by the following internal documents:

• The Regulations on the Internal Control Procedures in IDGC of Urals, OAO (approved by a BoD resolution, Protocol #49 dd. 26.12.2008).
• The Risk Management Policy in IDGC of Urals, OAO (approved by a BoD resolution, Protocol #70 dd. 04.06.2010)
• The Internal Control Policy in IDGC of Urals, OAO (approved by a BoD resolution, Protocol #70 dd. 04.06.2010).
• The Regulations on the Arrangement of Inspections held by Internal Control and Audit Department in IDGC of Urals, OAO (approved by IDGCU’s Decree #388 dd. 26.10.2009).