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Corporate risk management



Risks inherent to Cemig´s corporate activities are assessed as to their probability and for their impact on the several different businesses in the value chain.

Cemig is proactive in relation to risks: by diminishing their impacts and/or their probability by refining controls, implementing action plans, transferring them by means of asset insurance, accepting them (due to the effectiveness of the control environment and to the permitted level of financial exposure) or avoiding them by leaving the project. The implementation of the corporate risk management took place in 2003 and is constantly being improved.

Management is undertaken by processes and is aligned to the Long Term Strategic Plan and to strategic planning and is managed in a centralized manner by risk managers and monitored in a centralized manner by the Corporate Risk Management Committee.

 

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