The Board is committed to business sustainability and to creating and preserving stakeholder value. it recognises that the governance of strategy, risks/opportunities and performance are critical success factors and therefore exercises active oversight over these processes, in order to ensure that the achievement of its strategic objectives is enabled.
The Board recognises that an entrepreneurial spirit and the taking of considered risks and opportunities remain critical for the Groups’ continued success and longevity. A well-defined risk and opportunity management process and risk appetite policy are therefore considered core instruments for aligning overall corporate strategy, capital allocation, risk, opportunities and performance; and are considered to be key business disciplines that provide the context for strategy setting, guide entrepreneurial behaviour, balance risk and reward and ultimately enable the achievement or acceleration of the Group’s goals.
Extract from the 2016 Annual Integrated Report