RISK MANAGEMENT Managing risk is integral to the Group’s strategy and long‑term success. The Group applies a disciplined Enterprise Risk Management (ERM) approach to support resilient execution and informed decision‑making across the Group’s business operations and geographies. Guided by a clearly defined risk appetite, risk considerations are embedded into strategy, capital allocation, investment decisions and operations. KEY RISKS RISK MANAGEMENT FRAMEWORK The Group applies a structured risk management framework to identify, assess and manage material risks and opportunities, and to monitor exposures against defined risk appetite and tolerance levels. IDENTIFY Continuous environmental scanning and stakeholder engagement through effective communication and consultation, to surface emerging risks and opportunities effectively. ASSESS Identify risks using a structured framework by defining scope, context, and risk criteria, then evaluate risk likelihood and impact to focus on material exposures. TREAT Risk owners are responsible for managing risks, by implementing robust controls, mitigation strategies and action plans. MONITOR & REPORT Ongoing tracking of key risk indicators, incidents and progress, with defined escalation protocols for critical incidents and issues. REVIEW & IMPROVE Periodic review of the ERM framework, policies and processes, by adopting International Organisation for Standardisation 31000 Risk Management Standards and benchmarking against best industry practices and guidelines. Risk Management Process Risks arising from adverse changes in market, regulatory or economic conditions that materially affect the Group’s long-term strategic objectives. Read more about this on page 65 TREASURY AND FINANCIAL Risks arising from failures in people, processes, or systems that lead to operational inefficiencies or compliance breaches. Read more about this on page 66 Risks of operational disruption arising from technology failures, cyber threats, or inadequate IT governance. Read more about this on page 68 STRATEGIC Risks of financial loss due to ineffective management of liquidity, funding, and interest rate exposures. Read more about this on page 66 OPERATIONAL AND COMPLIANCE INFORMATION AND TECHNOLOGY 3 4 1 2 5 62 | CITY DEVELOPMENTS LIMITED
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