Risk Management

To use world’s best practice in Risk Management to support and enhance our activities in all various areas of our organisation.

• To ensure that Risk Management is an integral and iterative part of all our decision-making and culture, involving everyone.
• To establish and monitor risk appetites across various areas of the organisation
• To operate efficiently and profitably by maximizing business opportunities and minimizing financial losses, thereby avoiding excessive organizational strain from undue financial pressure.
• Recognizing that implementation of proper management of risk itself improves business efficiency and leads to improved profits in the longer term.
• Recognizing also that potential deviations from what has been planned or expected – whether apparently gainful or producing losses – increase risk and demand special vigilance.
• To train our people to implement Risk Management effectively.
• To continually improve our Risk Management practices.

Based largely on as AS/NZS ISO 31000:2009. Risk management—Principles and guidelines.