Appropriate guidelines, principles and procedures have been applied across the Group for the implementation of systematic and effective risk management that is integrates with daily business activities.
As a result, some operating risks are managed at departmental or Company level whilst others requiring specific competences, economies of scale or combined efforts are managed at Group level.
This integrated approach which encompasses all the Group’s activities and adds value to its growth whilst protecting shareholders assets, delivers the high quality of Enterprise Risk Management capability required for multinational organization as Dangote Cement.
Consequently, the tenets of our risk philosophy is guided by the following risk management principles:
All employees are responsible for the management of risk;
1. The Group’s defined Risk Appetite governs the level and type of risk it takes.
2. The risk/reward balance is considered for all risk taken.
3. Risk must be continuously monitored and managed.