Risk ManagementThe Board has accepted responsibility for risk management within the organization. In addition there has been a recent decision to make SANRAL's Audit and Risk Committee responsible for regular oversight and monitoring.
SANRAL has developed a Risk Register
SANRAL has developed a Risk Register, a product of the continuous assessment of current risks and the identification of new risks. All employees are encouraged to be alert to risk exposures in their area of contribution and to express their concerns relating to the strategic and operational risks faced by the company.
The Risk Cluster then analyses each risk
The Risk Cluster then analyses each risk and initiates appropriate mitigating action and treatment. All risks are documented in the Risk Register and are communicated to the Board of Directors and to the employees. The Internal Audit Coverage Plan is risk based and risk management is a standing item on all Board and Committee meetings.