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Description of Risk Management Policy The identification and proper management of risk within Imdex is an important priority for the Board and management. The Board has sought to minimize the business’ risks by focusing on the Company’s core business. The Board is responsible for ensuring that the Company’s risk management systems are adequate and operating effectively.
An annual review of the risks faced by the Company is undertaken. For future reporting periods the Managing Director and Chief Financial Officer will attest to the adequacy of the system of risk oversight, management and internal control on a formal basis every six months.
The Board believes that through the Board itself, the Audit Committee, the Internal Audit Function and external auditors there is adequate oversight of the Company’s risk management and internal controls.
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