The better we understand and manage risk, the greater the contribution to profit. By improving our risk profile and putting in place strategies and controls to mitigate these risks the greater we are able to influence overall Group profitability from our risk-taking activities.
The Board monitors the ongoing process by which the critical risks to the business are identified, evaluated and managed. The Audit, Risk and Compliance Committee has responsibility for reviewing the risk management framework and policies within IAS. The Board annually workshops a risk matrix for the whole of IAS inline