APN NEWS & MEDIA LIMITED (“the Company”)
RISK MANAGEMENT POLICY
The Company and its subsidiaries (the “APN Group”) is committed to the
consistent, proactive and effective monitoring and management of risk throughout
each of its business divisions and the APN Group as a whole.
Risk management is fundamental to the enhancement of shareholder value and
the implementation of the business and financial objectives of the APN Group.
This document sets out the risk management policy of the APN Group adopted
by the Board of APN News & Media Limited (“Board”).
The approach of the APN Group to risk management and compliance and control
is based on:
ensuring that each of its business divisions and the APN Group as a whole:
identify actual and potential risks which would have a material impact on
the APN Group;
¾ assess their impact on business and financial objectives of the APN
implement effective and appropriate strategies and actions to address
risk issues; and
clearly identifying responsibility and accountability for financial, operational
and risk management and compliance and control issues; and
the continued review and assessment of the APN Group’s approach to risk
The Board has determined that the APN Group’s risk management methodology
and assessment of risk should consider the materiality of all risks from an APN
Group perspective. This assessment requires identification of:
the likelihood of an event occurring; and
the potential consequences for the APN Group and their magnitude.
This assessment, combined with a qualitative and quantitative approach to the
analysis of the potential consequences, provides the basis for the APN Group’s
approach to risk and the developing of effective and appropriate strategies and
actions to address these risks.
The independent review process and the reporting lines (referred to in the
attached chart) ensure that where significant risks arise they are i