41061 Unite AR22 HI-RES WEB-READY - Flipbook - Page 97
STRATEGIC REPORT
GOVERNANCE
FINANCIAL STATEMENTS
OTHER INFORMATION
PRINCIPAL AND EMERGING RISKS FACING THE GROUP
REQUIREMENT
BOARD STATEMENT
MORE INFORMATION
The Board is required to confirm that it
has carried out a robust assessment of
the principal and emerging risks facing
the Company and include a description
of these principal risks, what procedures
are in place to identify emerging risks, and
an explanation of how these are being
managed or mitigated.
A robust assessment of the principal and
emerging risks facing the Company was
undertaken during the year, including those
arising from climate change and those that would
threaten its business model, future performance,
solvency or liquidity, together with an assessment
of the procedures to identify emerging risks.
Information around key risks and
risk management processes and
how they are being managed or
mitigated can be found on pages
77–87 and on page 122 of the Audit
& Risk Committee Report.
RISK MANAGEMENT AND INTERNAL CONTROL
REQUIREMENT
BOARD STATEMENT
MORE INFORMATION
The Board is required to monitor the
Company’s risk management and internal
control systems and, at least annually,
carry out a review of their effectiveness.
The Board conducted a review of the
effectiveness of the internal controls, supported
by the work of the internal audit team and their
reports to the Audit & Risk Committee.
Details on the systems of risk
management and internal control
and the review of their effectiveness
can be found on pages 77–87 and
122–123.
No significant weaknesses were identified
through the course of the reviews.
FAIR, BALANCED AND UNDERSTANDABLE
REQUIREMENT
BOARD STATEMENT
MORE INFORMATION
The Board should confirm that it considers
the Annual Report, taken as a whole, is
fair, balanced and understandable and
provides the information necessary for
shareholders to assess the Company’s
position and performance, business model
and strategy.
The Directors consider that the Annual
Report, taken as a whole, is fair, balanced and
understandable and provides the information
necessary for shareholders to assess the
Company’s position and performance, business
model and strategy.
See the Audit & Risk Committee
Report on pages 119–124.
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