Risk Management Policy

Purpose

The purpose of this Risk Management Policy is to establish a framework for identifying, assessing, managing, and mitigating risks within Ruxley Integrated Global Services Limited. This policy aims to protect the organization’s assets, reputation, and stakeholders while ensuring compliance with applicable laws and regulations.

Scope

This policy applies to all employees, contractors, and third-party service providers engaged with Ruxley Integrated Global Services Limited across all operations and locations.

Policy Statement “Ruxley is committed to a proactive and systematic approach to risk management. We recognize that effective risk management is essential for achieving our strategic objectives, enhancing decision-making, and fostering a culture of accountability and resilience.”

Risk Management Principles

Integration: Risk management will be integrated into the organization’s decision-making processes, business planning, and operational activities at all levels.
Proactivity: Ruxley will take a proactive approach to identify and assess potential risks before they materialize, enabling us to implement preventive measures.
Continuous Improvement: The risk management process will be continuously reviewed and improved to adapt to changing circumstances and emerging risks.

Risk Identification

Ruxley will establish processes to identify potential risks across all areas of the organization, including financial, operational, legal, reputational, and environmental risks.
Employees are encouraged to report any identified risks or concerns to their supervisors or the designated risk management team.

Risk Assessment

Risk Analysis: Identified risks will be analyzed to determine their potential impact and likelihood of occurrence. This analysis will consider the potential consequences for the organization and its stakeholders.
Risk Evaluation: Risks will be evaluated and prioritized based on their significance, allowing the organization to focus on the most critical risks that require immediate attention.

Risk Mitigation

Action Plans: Ruxley will develop and implement action plans to mitigate identified risks. These plans will include strategies to reduce the likelihood of occurrence and minimize potential impacts.
Resource Allocation: Adequate resources will be allocated to implement risk mitigation strategies effectively.

Monitoring and Review

Ruxley will establish mechanisms to monitor identified risks and the effectiveness of mitigation strategies. This includes regular reviews of risk management processes and updates to risk assessments as needed.
Risk management performance will be reported to senior management and the Board of Directors regularly.

Training and Awareness

Ruxley will provide training and resources to employees to promote awareness of risk management practices and ensure that all personnel understand their roles and responsibilities in the risk management process.

Policy Review

This Risk Management Policy will be reviewed annually or as needed to ensure its effectiveness and compliance with applicable laws and regulations. Updates will be communicated to all employees.