Effective risk management is an integral part of our business model and embedded within our operations, supporting our aim of delivering consistent returns for shareholders.
Our risk management process
The board has overall responsibility for setting and monitoring the company’s risk appetite. Our risk framework supports and informs business activity and decisions, managing risk through a set of integrated processes.
Our framework aligns with our purpose and strategy — maintaining discipline while allowing flexibility to respond to change.
Risk governance
and structure
Risk management and its governance is the responsibility of the board, with specific components delegated to the Audit and Risk Committee. The executives are given the task of managing an effective and transparent process to ensure that current and emerging risks are identified, measured, managed, monitored and reported on.
The board sets the risk appetite in line with the business model and strategy. This is communicated through the executive to all those with managerial responsibilities.
Principal risks
The board undertakes a robust assessment of the principal risks facing Caledonia, including those that would threaten our business model, future performance, solvency or liquidity. Principal risks are defined as those that have the potential to materially impact the delivery of our strategic objectives and damage our reputation.