As an integral part of its business and management practices, Tutt Bryant Group Limited is committed to managing risk to ensure good corporate governance, to realise successful continuity of operations, and to protect earnings and growth into the future.

Risk Management involves achieving an appropriate balance between realising opportunities while minimising the exposure to losses. The process not only applies to the minimisation and management of losses, but also seeks potential gains.

To protect the Group's shareholders and the integrity of the organisation, the Group’s Board and the Managing Director are committed to manage proactively any adverse risks. This is achieved by assessing the potential harm of operations and business activities to the Group, and developing control systems and measures to mitigate them.

The senior management of the Group has implemented a system whereby it can monitor, review and minimize all key exposures that have the potential to place the Group at risk, and maximise those opportunities that will have a positive impact upon growth and success.  The Group’s Risk Management policy provides clarity to every stakeholder of their responsibilities towards risk in the Group.  The Managing Director and designated personnel will be responsible for monitoring the progress of the objectives across the Group and reporting quarterly to the Board's Audit and Risk Compliance Committee.  All managers and other employees are responsible for achieving the set objectives within their own areas of operation. The performance of staff in controlling risk will be one of the factors taken into consideration when assessing an individual's performance at work.

All business units and divisions will be assisted in the development of their Risk Management plans to identify the specific hazards to which they are exposed. The plans will include mitigation strategies together with timelines.  The plans will be developed within the context of the Group’s Risk Management Framework.

To ensure effective compliance, the Managing Director and the Executive Team will review the ongoing performance against the objectives every quarter.

The Board and the Managing Director are committed to ensuring that the management of key risks supports sound corporate governance and best practice for the Group.