Corporate Responsibility
Risk Management
Beacon Hill Resources is committed to effective risk management to achieve our business objectives. We aim to continually improve our management of risk, to make better decisions to achieve our objectives and to reduce the likelihood and consequences of adverse effects to tolerable levels.
At all levels of the Business we will develop, implement and maintain risk management systems that will effectively allow us to:
- Identify, assess and manage risks in an effective and efficient manner
- Use risk management to help make better decisions
- Reduce the risk of not meeting business objectives
- Meet our Corporate governance requirements, and
- Identify and evaluate opportunities based on their risk/reward balance.
We will do this by:
- Implementing a comprehensive and systematic risk assessment and reporting system across the organisation
- Training employees in use of the system, and in suitable risk assessment methodologies for their business and work applications
- Developing a risk profile for each business unit, and then providing risk funding to reduce risk and maintain a suitable risk/reward balance
- Embedding risk management into the way we work, and
- Auditing the system.