Our governance programme focuses on how we manage key enterprise risks, helping increase the maturity of our control environment, and protecting the company with relevant insurance policies. It also includes operating a robust and fit‑for-purpose internal audit function. The programme continues to progress well, as detailed below:
Our Enterprise Risk Programme has further embedded a transparent risk culture through ongoing risk reporting from all our businesses, including increased focus on the success of risk mitigation activities. The GLTM and the Board have reviewed and refreshed our key Group risks. Our Enterprise Risk Management Steering Committee, with representation from across all our functions, regularly meets Group risk owners to discuss and challenge ongoing and planned risk mitigation activities. In addition, Belron’s Future Trends Forum continues to conduct horizon scanning exercises to identify emerging risks and opportunities for the organisation.
Our large technology transformation programme continues to ensure a robust control environment for the future across our business. Controls are embedded in operations through the design and deployment of new global applications and processes, with colleagues upskilled where necessary.
Our in-house internal audit function (along with external partners) continues to provide an independent view of business activities and management of risk, reporting to the Belron Audit Committee four times per year.