33/ Risk Management Policy / 992
R
is
k
Mana
g
e
m
ent
P
olic
y
B-POL-01.0012
Version 02. Original date: 07 April 2011. Version date: 12 June 2015. Valid version only on QMS site.
Policy prepared by: Internal Audit and Risk Director. Approved by: COMEX. Validated by: Quality Director of BOURBON.
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BOURBON is committed to Excellence with all interested parties of its activities, namely customers,
employees, shareholders, public authorities, banks, insurances, professional and academic associations, its
business environment and society in general.
To successfully lead and operate its organization, Risk Management is an essential part of BOURBON’s
strategic management.
Risk management in BOURBON seeks to enable the identification, evaluation and continuous management
of the threats to the achievement of BOURBON’s purpose, vision, objective and strategy.
In order to achieve key objectives, this policy establishes a structured and disciplined approach to Risk
Management, including the development of BOURBON’s Risk Matrix in order to guide decisions on related
risks’ issues.
The specific objectives of
Risk Management Policy
are:
x
To ensure that all the current and future material risk exposures of BOURBON are identified,
assessed, quantified, appropriately mitigated and managed;
x
To provide a consistent risk management framework for BOURBON’s risk management process
and to ensure companywide implementation;
x
To ensure systematic and uniform assessment of risks;
x
To enable compliance with appropriate regulations wherever applicable, through the adoption of best
practices;
x
To assure business growth with financial stability.
In order to fulfill the objectives of this policy and to build solid grounds for the development of an integrated
risk management framework, this policy outlines the following guiding principles of Risk Management:
x
All business decisions
should
be made with prior information and acceptance of risk involved;
x
The
Risk Management Policy
shall
provide for the enhancement and protection of business value
from uncertainties and consequences losses;
x
All employees of BOURBON
shall
be made aware of risks in their respective domains and their
mitigation measures;
x
The risk mitigation measures adopted by BOURBON
shall
be effective in the long term and
shall
be
implemented in the business processes of BOURBON,
i.e.
the Quality Management System (QMS);
x
Risk tolerance levels
should
be regularly reviewed and assessed when appropriate, depending on
the change in BOURBON’s strategy;
x
The occurrence, progress and status of all significant risks
shall
be promptly reported and
appropriate actions to be taken thereof.
C
h
r
istian Le
f
èv
r
e
Chief Executive Officer
Gaël Bo
d
énès
Chief Operating Officer
N
icolas Mal
gr
ain
Chief Financial Officer
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