Risk management philosophy

The risk and assurance steps involved in completing the risk management process are as follows:


The risk and assurance steps involved in completing the risk management process

Northam’s risk management philosophy is underpinned by:


  • The group’s ability to identify risks which may hamper its performance
  • The group’s ability to tolerate and accept a certain amount of risk in order to achieve its strategic goals
  • The development of a risk register and the attachment of weightings and significance to the identified risks
  • Constant evaluation and re-rating of identified risks
  • Mitigation of identified risks