Risk Management Committee
The Risk Management Committee currently comprises four non-executive directors and the Board’s Chairman attends all meetings by standing invitation. Growthpoint has adopted the Committee of Sponsoring Organisations’ “Enterprise Risk Management (ERM) – Integrated Framework”, to manage our strategic risk.
Through this approach, the ERM process is effected by the Board of Directors, management and other personnel. Applied in strategy setting and across the enterprise, it is designed to identify potential events that may affect us, to manage risks to be within our risk appetite and to provide reasonable assurance regarding the achievement of our objectives. The Board has overall responsibility for the adoption, oversight and reporting of our risk management framework and is assisted by the Risk Management Committee. Our ERM framework encompasses four categories: