Based on best practices and recommendations of the Code, PJSC Inter RAO has provided liability insurance at its own expense for members of the Board of Directors, members of the Management Board, officials and companies, and officials and companies of the Group since 2011 (D&O). Insurance aims to compensate potential losses resulting from damages to the Company or third parties by the actions of the insured persons when they carry out their management activities.
The insurer’s liability limit (insured amount) under the existing liability insurance policy of directors, officers, and companies is USD 250 mln. The contract is valid from July 15, 2019 until July 14, 2020. The insurance premium for the year is USD 249,000.