Effective management of risk and opportunity is essential to the delivery of the group's financial and non financial objectives:

• Early identification of risks and removal/minimisation of likelihood and effect before they occur.
• Risk management is linked into the Group's strategy, the environment in which it operates, the Group's risk appetite and the delivery of business objectives.
• Continuous monitoring of risk management principles, with implementation and review of action plans and provision of contingencies where necessary.
• Reporting of information through established management control procedures.

How we monitor and control risk