How we manage risk
Effective risk management is imperative, both to drive the success of ABG’s strategy and vision and to protect our values. We must maintain the ability to take calculated risks in a manner that does not jeopardise the direct interests of ABG’s stakeholders.
For this reason, we have adopted a comprehensive risk management framework to address risk tolerance and control. It is based on international standards, applicable governance requirements and the ethics that underpin our Code of Conduct.
Our risk management framework
Our risk management framework includes:
- the key requirements of ISO 31000:2009
- UK corporate governance standards
- other generally accepted governance principles.
We believe this framework serves us well. In addition to our Code of Conduct, it includes the ABG risk management charter, risk management policy and a number of detailed risk management procedures.
Everyone is required to comply with the framework, whether they are members of the ABG Group, material operations, service organisations, support functions, processes or projects.