Raven Russia Holdings Cyprus Limited is a wholly owned subsidiary of Raven Property Group Limited. which is listed on the London Stock Exchange. As a listed entity, the Cyprus Board is obliged to adhere to the same listing rules as our parent, RPG. We conduct all business honestly and ethically. There is a no tolerance approach to bribery and corruption. Procedures are in place to prevent and report bribery, money laundering and other forms of corruption with a policy that protects whistle-blowers. We require all our business partners to adhere to the same high standards.
The Board has delegated certain aspects of its responsibilities to Committees through terms of reference. The Board and its Committees have regular scheduled meetings and together with the schedule of matters reserved for the Board, the Committees allow the Board to discharge its duties effectively.
Corporate Responsibility and Environmental report
Corporate responsibility covers different aspects of the business but our primary focus is on the environmental impact of our activities and properties and the social impact in the jurisdictions in which the Company operates. It is the responsibility of the Board to manage the environmental, economic and social impact of the Company's business strategy.
The Board places significant importance on identifying and managing the risks facing the business. These encompass the risks, real and perceived, of operating in a foreign market such as Russia, and the more obvious cyclical, property specific risks, presented by the development and investment in a large property portfolio. Risk and uncertainties are accepted as part of doing business and are managed accordingly.