Relevant departments of the Company, which are risk owners within their operating activities, are involved in identification, severity assessment and development of measures to minimise specific risks. Financial risk management in the Company is carried out in accordance with the financial risk management policy of JSC FPC (hereafter the Policy), approved by the Board of Directors. In accordance with the Policy, the Company defines and identifies financial risks and ...
... the basis of public tenders. Revision of interest rates in accordance with the conditions of loan agreements can be implemented only by mutual agreement of the parties. 9.3 Liquidity risk The risk related to threats and opportunities related to the management of the Company’s surplus funds (insolvency risks, cash shortages risks). Daily planning of payments, availability of long-term credit lines, placement of free funds on deposit with the early termination right. 9.4 Credit risk Risk of contractors’ failure to fulfill their obligations before the ...
... Director’s interim reports on results of financial and economic activities in 2015. Review the 2014 JSC FPC insurance coverage report and the 2015 insurance coverage programme. Review the report on the results of the implementation of JSC FPC financial risk management policies in 2014 and the action plan for reducing financial risk in 2015. Review JSC FPC Centre for Internal Inspection and Auditing work results report. Discuss a candidate for External Auditor and significant conditions of his contract, examine ...
... internal inspections and audits of the financial and economic activities of the Company, its branches and structural subdivisions; the identification of financial and economic reserves and the preparation of statements warning of financial and tax-related risks and losses; the prevention of violations and shortages in the financial and economic activities of JSC FPC and the preparation of suggestions for their elimination as well as for the establishment of procedures for holding guilty member of management accountable to the laws of the Russian Federation; exposing revenue losses from passenger and postal luggage transport and the irrational use of passenger cars and identifying citizens attempting to travel in passenger trains without travel ...
... such as economic fluctuations, developments in relationships with governmental bodies and further advancement of the strategic management system within RZD Holding, all had a major impact on FPC’s efforts to achieve the targets set by the strategy and ... ... amount that the share of railway transport in domestic and international passenger service declined by in 2014 Company’s major risks Loss of passenger traffic market share Decline in amount of federal subsidies Not stable loss compensation from the state ...
