Risks and uncertainties
The Board is responsible for determining the overall risk management framework for the group and for reviewing and establishing the appropriate level of risk to be taken in pursuit of strategic goals. Setting the risk appetite for the Group is an integral part of the development of corporate strategy and the Board debates the risks around each strategic area during the planning process. Where current risk levels are outside approved tolerance levels, management is required to develop appropriate mitigations.
Our annual report contains detailed information about our approach to risk management at all levels of the Group.