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    This risk management policy from BHP Billiton defines their approach to enterprise-wide risk management and how it is integrated into their business processes. Risk is inherent in their business and identifying and managing risk is key to achieving their corporate objectives. Successful risk management can provide competitive advantages and greater certainty for stakeholders. Risks will be identified, analyzed, and ranked consistently across the company using common systems and methodologies. Risk controls will be implemented and reviewed to reasonably ensure corporate objectives are achieved. Risk management performance will be monitored, reviewed, and reported to provide assurance to management and shareholders.

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    This risk management policy from BHP Billiton defines their approach to enterprise-wide risk management and how it is integrated into their business processes. Risk is inherent in their business and identifying and managing risk is key to achieving their corporate objectives. Successful risk management can provide competitive advantages and greater certainty for stakeholders. Risks will be identified, analyzed, and ranked consistently across the company using common systems and methodologies. Risk controls will be implemented and reviewed to reasonably ensure corporate objectives are achieved. Risk management performance will be monitored, reviewed, and reported to provide assurance to management and shareholders.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    75 views2 pages

    Risk Management Policy

    Uploaded by

    hazopman
    This risk management policy from BHP Billiton defines their approach to enterprise-wide risk management and how it is integrated into their business processes. Risk is inherent in their business and identifying and managing risk is key to achieving their corporate objectives. Successful risk management can provide competitive advantages and greater certainty for stakeholders. Risks will be identified, analyzed, and ranked consistently across the company using common systems and methodologies. Risk controls will be implemented and reviewed to reasonably ensure corporate objectives are achieved. Risk management performance will be monitored, reviewed, and reported to provide assurance to management and shareholders.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 2

    RISK MANAGEMENT POLICY

    Brief description Defines the Groups approach to risk management, linkage to the Corporate Objective and integration into our business processes.

    Version: 2.0 Document date: 21 July 2009 BHP Billiton Group Level Document

    RISK MANAGEMENT POLICY

    Risk is inherent in our business. The identification and management of risk is central to delivering on the Corporate Objective. Risk will manifest itself in many forms and has the potential to impact the health and safety, environment, community, reputation, regulatory, operational, market and financial performance of the Group and, thereby, the achievement of the Corporate Objective. By understanding and managing risk we provide greater certainty and confidence for our shareholders, employees, customers and suppliers, and for the communities in which we operate. Successful risk management can be a source of competitive advantage. Risks faced by the Group shall be managed on an enterprise-wide basis. The natural diversification in the Groups portfolio of commodities, geographies, currencies, assets and liabilities is a key element in our risk management approach. We will use our risk management capabilities to maximise the value from our assets, projects and other business opportunities and to assist us in encouraging enterprise and innovation. Risk management will be embedded into our critical business activities, functions and processes. Risk understanding and our tolerance for risk will be key considerations in our decision making. Risk issues will be identified, analysed and ranked in a consistent manner. Common systems and methodologies will be used. Risk controls will be designed and implemented to reasonably assure the achievement of our Corporate Objective. The effectiveness of these controls will be systematically reviewed and, where necessary, improved. Risk management performance will be monitored, reviewed and reported. Oversight of the effectiveness of our risk management processes will provide assurance to executive management, the Board and shareholders. The effective management of risk is vital to the continued growth and success of our Group.

    Version: 2.0 Document date: 21 July 2009 BHP Billiton Group Level Document

    Page 2 of 2

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