RISK MANAGEMENT POLICY

Sharps are committed to implementing a systematic risk management approach in order to control all areas of risk within the organization. Objectives o Maintain the highest possible integrity for services provided by Sharps; o Safeguard Sharps assets including employees, financial and property; o Achieve and maintain legislative compliance; o Ensure resources and operational capabilities are identified and responsibility allocated for managing risk; o Demonstrate transparent and responsible risk management processes which align with accepted best practice. Principles o All employees, including management are to be competent and accountable for managing risk within their area of responsibility; o A consistent management framework must exist for making decisions on how best to manage risk; o Communication and consultation will occur throughout our organisation in regard to all relevant risk management matters; o Relevant legislative requirements and political, social and economic environment are to be taken into account in managing risk; o Integration of risk management with existing planning and operational processes will occur.

Graham Sharp Managing Director 10th March 2011

SHP-P-02

SHER

Reviewed: 3/2011 R. Irelandes

Next Review: 3/2012