RISK MANAGEMENT RISK‑INTEGRATED CULTURE The Group promotes a risk‑aware culture that supports prudent risk‑taking and timely escalation. Risk ownership sits with line management, supported by the ERM function through frameworks, tools, and training. Risk‑related incidents and near misses are encouraged to be escalated through defined channels to enable prompt response and continual improvement. Risk‑integrated Culture Culture‑led Risk Management ERM Framework Training & Awareness Ownership & Accountability Communication Tone from the top, clear governance and oversight nurtures a proactive, risk-aware culture beyond compliancedriven controls. Common language and process across the Group to integrate the management of risks and opportunities arising from business activities. Periodic workshops and targeted learning for key roles to strengthen riskaware behaviours. Ownership of functional risks by risk owners, alongside ERM collaboration to foster a proactive risk-aware culture across business processes. Designated escalation channels and a structured reporting to ensure timely response and effective monitoring. 64 | CITY DEVELOPMENTS LIMITED
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