Risk management involves the identification and evaluation of risks and is the responsibility of the Group Board.
The Board of Directors recognises that the nature, scope, and potential impact of our business and strategic risks is subject to constant change. As such, the Board has implemented the necessary framework to ensure that it has sufficient visibility of the principal risks and the opportunity to regularly review the adequacy and effectiveness of our mitigating controls and strategies.
The risk management process is designed to manage, rather than eliminate, the risk of failure to achieve our business objectives and can only provide reasonable, not absolute, assurance against material misstatement or loss.