Conflict of Interest Resolution and Corruption Prevention

Conflict of interest resolution

The procedure for identifying and resolving conflicts of interest arising with the Company employees is set out in the Regulations on Conflict of Interest Resolution at JSC FPC approved by the Board of Directors.

The Company has in place a Commission for Resolving Conflicts of Interest. In 2020, the Commission identified one potential conflict of interest which was resolved by the Commission in due time.

As part of an effort to identify conflicts of interest, 21 potential conflicts of interest were proactively eliminated by employees before they were reviewed by the Commission.

Preventing and countering corruption

JSC FPC has adopted an Anti-Corruption Policy, which reflects the Company’s commitment to conducting open and fair business activities, following best practices in corporate governance and maintaining a good business reputation.

The Security Department comprising the Corporate Relations Control and Anti-Corruption Unit is responsible for preventing corruption.

FPC also maintains an anti-corruption hotline.

The Company’s website has the publicly available Anti-Corruption section.

FPC implements measures to prevent and combat corruption in line with its Anti-Corruption Plan for 2019–2020.

FPC also consistently interacts with law enforcement bodies to identify breaches of anti-corruption laws.