DOCUMENTS FOR THE ANNUAL GENERAL MEETING
DOCUMENTS FOR THE ANNUAL GENERAL MEETING
DOCUMENTS FOR THE ANNUAL GENERAL MEETING
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MOL Plc. Annual General Meeting 2013 Documents<br />
- Insurance Management<br />
- Business Continuity<br />
Management<br />
Transfer of excess operational risks is the responsibility of Insurance<br />
Management. Purchase of insurance is an important risk mitigation<br />
tool used to cover the most relevant operational and liability<br />
exposures. The major insurance types are: Property Damage,<br />
Business Interruption, Liability and Control of Well Insurance. Due to<br />
the peculiarities of the insurance business, major tasks in this area<br />
are carried out in a yearly cycle e.g. the annual renewal of most<br />
insurance programs.<br />
Business Continuity Management is the process of preparing for<br />
unexpected disruptions that have low probability but high impact.<br />
Emergency Response Plans, Crisis Management procedures. Disaster<br />
Recovery and other risk control programs are crucially important to<br />
such a business as ours where operational risk exposure is significant<br />
as a consequence of the chemical and physical processes underlying<br />
most of our operations.<br />
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