«NMSC «Kazmortransflot» LLP , as a company providing transportation services, whose activities are directly connected with the sea and all its accompanying risks are well aware of the importance of Risk management. Those risks that can be realized without the measures of their control, may adversely affect the objectives of not only the Company’s but also the objectives of our customers and partners, as well as lower the quality of services provided by the Company.
Implementation of a corporate risk management system is considered a good corporate governance practice and is widely used in international business.
A Risk management system is a strategic process of preventive assessment of corporate risks which may affect the organization’s ability to maximize the value of the Company, and to develop methods for their management and control under the guidance and supervision of senior management of the Company. In order to achieve the strategic and operational objectives set by the Company, IC&RMS together with interested structural divisions carries out timely risk identification, risk assessment, develops and implements mitigation and contingency tasks and carries out risk monitoring.
Implementation and maintenance of the corporate system of internal control and risk management will help «NMSC «Kazmortransflot» LLP minimize losses, comply with relevant legal, regulatory and international requirements and norms, effectively allocate and use resources for risk treatment in order to achieve the strategic and operational objectives.