The objective of the risk management system, and one
of the key functions of risk reporting, is to identify,
record and actively manage any internal or external
risks that could pose a threat to the attainment of the
Group’s corporate targets. The risk management system
covers all significant risks to the Group and any which
could pose a threat to its going-concern status. In terms
of the structure of the risk management system, the responsibility
for risk reporting lies with each individual
employee and manager in their various roles – and not
with any centralised unit in particular. Every person
employed by the Group is required to report any risks
identified via the available reporting channels. This requirement
is set out in guidelines that apply throughout
the Group