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Risk management
Risk management
QIC's corporate risk management system is designed to identify, assess and monitor all material risks and implement measures to mitigate them.
QIC's Risk Management Policy outlines the vision, goals and objectives of the corporate risk management system, defines the key principles of the risk management process, the main components of the risk management system and its governance structure, and ensures a systematic and consistent approach to implementing the risk management process.
Principles of the Risk Management System
Consideration of all components of the Company's aggregate risk within the corporate risk management system
The corporate risk management system must not be viewed as autonomous or isolated
The integrated risk management system has a clearly defined structure
Risk management is based on objective, reliable and up-to-date information
The risk management process is carried out on an ongoing basis
Continuous improvement of risk management procedures and mechanisms
Timely communication by all organizational units, following the bottom-up principle, to the Company's Management Board and Board of Directors regarding changes in the status and magnitude of relevant risks, as well as all unusual transactions and circumstances
Involvement of the Company's senior management, namely the Management Board and the Board of Directors, in the risk management process and the establishment of a control environment
Clear segregation of employees' duties and responsibilities to prevent situations in which an employee's area of responsibility may give rise to a conflict of interest
Risk management across all areas of the Company's activities shall be carried out by the relevant organizational units that are independent of operational activities
The risk management process consists of a structured, continuously recurring cycle of its key components
Investments in progress
