Risk Management Policy
Infigen Energy ("Infigen") has adopted a Risk Management Policy, consistent with Australia/New Zealand Standard 4360, which clearly defines responsibilities for managing risk under the Infigen's risk management framework.
Infigen's Risk Management Policy aims to establish a sound system of identifying, analysing, evaluating, treating, monitoring and communicating risk. The Policy is intended to:
- provide a framework for identifying, assessing, monitoring and managing risk;
- communicate the roles and accountabilities of participants in the risk management system; and
highlight the status of risks to which Infigen is exposed.
Specific matters covered in the Policy include:
- the Infigen risk management framework, including the roles of the Board and specific senior managers responsible for implementing and managing the risk management framework;
- in relation to Infigen's status as a listed entity, Infigen's management of its responsibilities concerning the risk management principles outlined in the ASX Corporate Governance Council’s Principles of Good Corporate Governance and Best Practice Recommendations;
- procedures relating to identifying, assessing and managing risks to the business;
- management of the residual risks and maintaining a Risk Register, Risk Profiles and Action Plans for reporting these residual risks to senior management, the Audit, Risk & Compliance Committees, and the Infigen Boards; and
- the role of the external Auditor in assessing the overall management of risk and key internal control systems by Infigen.
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