Just Group plc | Annual Report and Accounts 2024
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RISK MANAGEMENT
The Group’s enterprise- wide risk management strategy is to enable all colleagues to take more effective business decisions through a better understanding of risk.
EMBEDDING GOVERNANCE VIA THREE LINES OF DEFENCE
1 ST LINE Business operations
2 ND LINE Oversight functions
3 RD LINE Independent assurance
Internal Audit is the third line of defence, providing the Board and executive management with independent assurance over business operations and the level of oversight. RISK AND CONTROL Provide independent challenge and assurance
The first level of the control environment is the business operations which perform day-to- day risk management activity.
Oversight functions in the Company, such as Risk Management (which includes Regulatory Compliance), support the Board in setting risk appetite and defining risk and compliance policy. RISK AND CONTROL Oversight of the risk and control environment Independent challenge and reporting on the risk profile and conduct of the business Monitoring actions being taken to mitigate risk
RISK AND CONTROL An established risk and control environment
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