Page 71 - CJ 2019 INTEGRATED REPORT

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COMBINED ASSURANCE AND
RISK MANAGEMENT MODEL BOARD OF DIRECTORS AND
SENIOR EXECUTIVES
Risk management Establish context and analysis
RISK FUNCTION
Risk Risk Risk Risk evaluation assessment MANAGEMENT INTERNAL AUDIT
Risk responses ENTERPRISE Risk RISK MANAGEMENT identification MANAGING KEY RISKS RELATING TO OUR BUSINESS AND
INDUSTRY
The The Group Group Risk Risk Risk Map Map (illustrated below) sets out out the the the key risks risks as identified through the the the Risk Risk Risk Management
process The The Risk Risk Risk Map Map and table below below outline the the the Group’s residual risks risks after taking into account mitigating risk risk risk factors RESIDUAL RISK RATING
SEVERE MAJOR MODERATE MINOR INSIGNIFICANT
17
10
4 6 6 16
UNLIKELY
LIKELIHOOD
Medium risks risks Low risks risks 12 13
RARE
1 1 18
2 3
5 8
9
9
11 14 19
20 21
15 7
POSSIBLE
LIKELY
CERTAIN
High risks INTEGRATED REPORT 2019
T L U S N P R O O C V D I D N E A A E S S T A C S S I U N R U A M M N M M C O E C , E E E E S R E V O EXTERNAL AUDIT
AND
REGULATORY OVERSIGHT
IMPACT