Risk is inherent in running any business and our risk management procedures are routinely reviewed and strengthened to ensure that all foreseeable and emerging risks are identified, understood and managed.
The role of our Board, with support from the Risk Committee, is to ensure that our risk management and internal controls are robust so that we remain able to swiftly identify and react to new threats and uncertainties. Balanced with the maintenance of a flexible business model and strong financial structure, this better enables us to weather uncertainties and take advantage of opportunities.
Our overall low risk tolerance, alongside a transparent and collaborative work style, ensures that any potential risk is identified quickly.
Anti-bribery and corruption
We are committed to the highest standards of ethical conduct and integrity in our business practices and adopt a zero tolerance approach to bribery and corruption.
For an overview of our policies and procedures in this area:
For an overview of the principal risks facing the Group as at 26 February 2019:
For an overview of the Group’s risk tolerance and risk management framework: