Introduction
CUGL recognizes that all aspects of its business involve significant risk and that its actions are increasingly exposed to greater scrutiny by the public, investors and its stake-holders. Accordingly, the Company has to deal with new business challenges and risks. Risk Management is focused at ensuring that these risks are known and addressed through a pragmatic and effective risk management process. This Risk Management Policy aims to provide specific procedures to operationalize the Risk Management process within the Company.
Objectives
The objectives of risk management at CUGL are to:
- Better understand the Company’s risk profile;
- Ensure that the Senior Management is in a position to make informed business decisions based on risk assessment;
- Sound business opportunities are identified and pursued without exposing the business to an unacceptable level of risk; Contribute to safeguard Company value and interest of shareholders; and
- Improve compliance with laws & regulations;