“Samruk-Energy” JSC holding company plans to create the new risk management system

Transformation project the implementation of which will improve the risk management and internal control system at “Samruk-Energy” JSC holding company, was presented at the kick-off meeting.

“Samruk-Energy” JSC holding company plans to create the new risk management system

Malik Saulebay, the sponsor of the project for introduction of the new risk management model, managing director for risks and legal affairs, noted the readiness of the project team for work. “The goal of the project is to further improve risk management and internal control systems, as well as create an effective business continuity system. We promise the involvement of a team, which has been formed and is result oriented".

Ruslan Almussin,  the project manager, director of Risk Management and Internal Control Department informed that the project will be implemented using own resources without the involvement of consultants. It is intended for two years and is divided into two waves. The organizational scope of the first wave, the implementation of which is expected by the end of 2019, includes the HO,  “Ekibastuz SDPP-1” LLP. The second wave during 2020 includes “Shardarinsk hydropower plant” JSC, “Moynak Hydropower plant” JSC, “Almaty Power Plant” JSC.

“The project has intangible benefits, which first of all includes the increased rating of corporate risk management system’s effectiveness following the independent corporate governance diagnostics of “Samruk-Energy” JSC group of companies.

Yevgeni Tsoy, Managing Director for Business Transformation emphasized the significance of the project for the company. He noted that the risk management system is a key component of corporate governance in general. Timely identification and taking of effective actions aimed at decreasing the level of risks will allow avoiding the adverse impact on the value and reputation of the company.

Anna Zhekenova


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