The company has put in place a centralized risk management and internal control system, which is constantly improved for better results. The aim of this system is to control the company’s economic and financial activities and also provide the management with essential tools to manage, assess, monitor, and identify potential risks.

This risk management and  internal control system adheres to the regulations of the Kazakhstan legislation, corporate governance code of the Bank of Kazakhstan, and global best practices. The system is implemented across the organizational structure, policies, procedures, and methods of risk management and internal control at all management levels and functional areas.

The system is continuously developed and improved to respond to the dynamic internal and external environment, promote efficiency, and strengthen the company’s value. To enable consistent development of  the risk management and internal control system in line with Prista oil long-term development strategy, a development  plan is devised and updated annually.

 The plan aims to improve infrastructures, processes, and information  resources for better interaction and exchange within the risk management and internal control system. Improvement of the risk management and  internal control processes, information support, and infrastructure are the key directions for the medium-term plan.

 The company’s policy, “Risk Management and Internal Control System,” outlines the objectives, principles, and interaction rules of the system. The Federal Reserve has the spotlight on ealier.