ŽPCG has appointed individuals in accordance with the Law on Management, Internal Control and Internal Audit in the Public Sector.
Montenegro Railways AD-Podgorica has, in accordance with the Conclusion of the Government of Montenegro No. 11-011/25-3381/3 dated 09.10.2025, and in accordance with the Law on Management, Internal Control and Internal Audit in the Public Sector, appointed Dragan Gligorović as the person responsible for receiving and acting upon notifications of suspected irregularities and fraud within the Company.
The Law on Management, Internal Control and Internal Audit in the Public Sector ("Official Gazette of Montenegro" No. 089/25) stipulates that the head of the entity is obliged to:
- Establish reporting lines in the event of discovering deficiencies, errors, irregularities, fraud, or unlawful actions in the management and use of resources, including the frequency and manner of reporting,
- Establish a system for receiving and acting upon notifications of suspected irregularities and fraud in accordance with the law governing the prevention of corruption.
Furthermore, Montenegro Railways AD-Podgorica has, in accordance with the Conclusion of the Government of Montenegro No. 11-011/25-3381/3 dated 09.10.2025, and in accordance with the Law on Management, Internal Control and Internal Audit in the Public Sector, appointed Miloš Radulović as responsible for coordinating activities in implementing and managing risks within the Company.
The Law on Management, Internal Control and Internal Audit in the Public Sector ("Official Gazette of Montenegro" No. 089/25) stipulates that the head of the entity is obliged to:
- Establish and ensure regular and effective vertical and horizontal communication within the entity, in order to monitor performance and achieved results in the implementation of the entity's strategy and objectives, risk management, effectiveness of internal control, as well as the resources used.
Risk management encompasses the process of identifying, assessing, and monitoring events that may negatively impact the achievement of established business objectives of the entities and taking necessary measures to reduce risks to a level of reasonable assurance that the objectives will be achieved.