RISK MANAGEMENT

The Group adopts an integrated top down and bottom-up risk review process that enables systematic identification and prioritisation of all material risks. An integral part of the process towards effective risk management is continuous communication and consultation with internal and external stakeholders. This enables the Group to understand the importance of risk management, to appreciate the decisions that are taken within the Group, and to implement the best policies and practices necessary for the benefit of the Group.

MATERIAL RISKS TO THE CDL GROUP

The Group categorises its risk profiles into four key areas: Strategic, Treasury & Financial, Operational & Compliance, and Information Technology. These risks vary widely, with many beyond the Group’s control. The Group is committed to mitigating risk exposure through appropriate risk management strategies and adequate internal controls. Close monitoring of control processes, including the use of appropriate key risk and key performance indicators, are implemented to ensure the risk profiles are managed within risk appetite and tolerance limits.

More information can be found in the Risk Management Report in CDL Annual Report 2019