On Mar. 12, 2021, the Board of Directors has conducted an in-absentia Board meeting. In the course of the meeting, directors have scrutinized and decided on the range of corporate issues.
In the course of the meeting, the Board of Directors has adopted the OAO IDGC of Urals’ Amended and Restated Risk Management Policy.
The Policy is focused on the provision of the single systematic approach to the arrangement of risk management by defining goals, objectives, components and principles of risk management and enforcing clear understanding of the notions by the employees.
The Amended and Restated Policy uses norms from the COSO ERM – Integrating with Strategy and Performance, national standard GOST R ISO 31000-2019 “Risk Management. Principles and Guidelines”, international standard ISO 31000-2018 "Risk Management - Guidelines".
Besides, the Board of Directors has examined the 4Q2020 insurance coverage report, as well as adopted resolutions on other agenda items.