Peachtree 2015 Annual Report Download - page 38

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Principal risks and uncertainties
Balancing risks and rewards
We are transitioning the business to bring together all parts of the organisation as a connected whole
(“One Sage”), while at the same time the external risk environment in which we operate continues
to evolve. In light of this transition and these changes, we seek to ensure that the risk management
framework continues to develop to meet our global needs. We have continued to implement a number
of enhancements during the year to drive greater consistency in activity, and improve governance
surrounding these activities. This ensures that risks continue to be managed appropriately and within
agreed appetites. As part of this process, the directors have carried out anassessment of the principal
risks facing the Company, including those that would threaten its business model, future performance,
solvency or liquidity.
Risk environment
Risk is inherent within our business activities, and we continue to prioritise and develop our risk management capability in
recognition of this. Timely identification of risks, combined with their appropriate management and escalation, enables us
to successfully run our business and deliver strategic change, whilst ensuring that the likelihood and / or impact associated
with such risks is understood and managed within our defined risk appetite.
Risk governance
We operate a formal governance structure to manage risk, which has been supplemented during 2015 with the introduction
of two tiers of Risk Commiee.
Board
Global Risk Commiee
Regional Risk Commiees
Executive CommieeAudit and Risk Commiee
Group Risk and Assurance
Director
Global Risk Team
Read pages 69-72
for Audit and Risk
Commiee Report
The Sage Group plc | Annual Report & Accounts 2015
36