Risk management

Risk management is accorded priority as an essential component in ensuring sustainability of the enterprise, and is viewed as a discipline that cuts across all business areas of the group. Risk management is considered inherent in every role and job description and is not delegated to a specialist function.

A formal structure exists to ensure that risk management processes are in place, with the Board Risk Committee (PDF - 39KB) sitting at least quarterly to review all risk management processes and procedures. The services of external experts have also been retained to facilitate risk identification and to ensure that suitable mitigation measures are put in place. Keaton Energy has appointed PriceWaterhouseCoopers to provide internal audit services to the group, while KPMG is the group’s external auditor.

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