Risk Management

We implemented Enterprise Risk Management (ERM), to elevate and formalise corporate-level risk management protocols, systematically address risks, and cultivate trust among our varied stakeholders. The ERM framework is led by the Risk Management Committee, which also keeps an eye on its efficacy. The Risk Management Committee of the Board and the Board of Directors ensure the effectiveness of the ERM process by defining roles and responsibilities for all stakeholders, thereby setting clear expectations for ERM.

Ensuring constant communication with the Central Risk Office, under the purview of the Chief Financial Officer (CFO), plays a pivotal role in facilitating significant adaptations and crucial business determinations. This practice abets the development, execution, and oversight of comprehensive risk management strategies across our Company. Each department and business segment discerns potential threats within their sphere of activity, which are later elevated to the management's attention. Those responsible for risk and mitigation take ownership of the overall enterprise risk management process.