KazMunayGas has integrated corporate risk management system
(CRMS) into key business processes. CRMS is a key component of the corporate governance system aimed at
timely identification, assessment, monitoring and mitigation of potential risks that may adversely affect
the achievement of the strategic and operational goals of KMG and its subsidiaries and affiliates.
Company has built a vertical risk management process and the functioning of the risk management system at all levels of management. Risks are assessed using qualitative and quantitative tools that consider the likelihood of occurrence and impact when a risk occurs.