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.