The Company Management realizes that risk management is a significant part of strategic management and the final aim of it is providing the conditions for realization of the Company Strategy accepted on that period of time.
«Transtelecom» JSC constantly improves the quality of corporative management paying attention to issues related to risk management.
Supporting the system of risk management enables the Company to effectively manage and distribute the resources on priority directions for providing the risk level acceptable for the Company and obtaining the biggest output from such investments at the expense of identification, assessment, risk management and monitoring.
Company’s organizational structure is built in such a way, that all organizational levels are engaged in risk management processes – from the Board of directors to structural bodies represented by an individual employee.
The Company has done a significant work on introduction of basic methodological documentation for effective functioning of corporate risk management system. Therefore a structural body that is responsible for risk management executes a permanent reconsideration and improvement of normative methodological documentation on risk management.
All the Company’s risks can be classified due to following types:
The executive officials are appointed on each of the activities aimed at risk management. Permanent monitoring and control over execution of activities are carried out.