Risk management

Risk management is a key element of corporate governance at the Joint Stock Company Ukrainian Defense Industry (UDI).

UDI's risk management system aims to identify potential risks and opportunities in a timely and thorough manner, ensuring the achievement of its goals. This system involves comprehensive risk analysis, risk assessment, and the development of risk mitigation plans, as well as continuous monitoring of risk levels.

Risk management involves organizing measures to ensure business continuity, enabling the company to operate under difficult conditions.

During the implementation of the risk management system, UDI and its subsidiaries use a risk-oriented approach to decision-making. The risk management system is based on international practices and standards, including: ISO 31000:2018 “Risk Management” and the COSO (Committee of Sponsoring Organizations of the Treadway Commission) methodology. These provide recommendations for implementing an effective risk management system and organizing internal controls.