Page 34 - Apraava Energy Report_01-73

34 Energy in action

Management control procedures

Apraava Energy has a governance structure that enables:

• Accountability to stakeholders for organisational oversight by
the Board of Directors through integrity, leadership, and
transparency.

• Management actions (including risk management) to achieve
the strategic plan's objectives through risk-based
decision-making and resource application.

• Internal audit function assurance and advice to provide clarity
and assurance, as well as to promote and encourage
continuous improvement through rigorous evaluation research
and perceptive communication.

Apraava Energy has designed Management Control Procedures
(MCPs) to ensure operational efficiency, protection and
conservation of resources, accuracy and promptness in financial
reporting and compliance with laws and regulations. Thus, based
on the internal control objectives model (operational, reporting,
and compliance), the Company's management is supported by
internal audits. Internal audits ensure that proper procedures are
followed on a regular basis and are subject to management and
review by the Board of Directors.

We have implemented various management systems such as

ISO 14001, ISO 9001, and ISO 45001 to effectively implement Health,

Safety, Security and Environment (HSSE) and quality at our

operational sites.