REAC oversees and aligns the activities of the Group’s various risk and assurance functions to coordinate and manage actions efficiently across the Group, which includes (i) advising senior management on matters concerning the risk, ethics and compliance, including an overall risk and assurance vision and strategy, (ii) overseeing activities to develop and maintain a fit-for-purpose risk and assurance program, (iii) engaging with VEON’s senior management on important developments in the context of risk, ethics and compliance, (iv) acting as an escalation body to resolve issues around the management of group risks.