Key Themes for King IV Principle 11

Governance of Risk:

Proactive Management:

Risk Management Process:

Risk Appetite:

Responsibilities:

Communication and Disclosure:

Residual Risk Management:

Continuous Assessment:

Integral to decision-making and duties

Board oversees risk management

Identify, measure, prioritize, respond, and monitor risks

Defined by the Board

Ongoing risk identification and assessment

Residual risk assessed by Risk and Compliance Committee

Key risk areas and mitigating actions disclosed in Integrated Annual Report

Proactively managing risks and opportunities

Delegated to Risk and Compliance Committee

Linked to corporate strategy and objectives

Internal and external risks considered

Categorized into Strategy, Financial, Operations, Legal, Regulatory, and Compliance

Management responsible for implementing risk management

Risk framework led by Risk and Compliance Officer

Guides risk-taking in strategy execution

Risk management plan widely disseminated

Risks evaluated based on impact and likelihood

Mitigation plans implemented by management

Escalation to the Board if residual risk is not acceptable

Optimizing business returns

Resource reallocation if necessary for risk mitigation

Transparent communication with stakeholders