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46 Vodafone Group Plc
Annual Report 2013
Principal risk factors and uncertainties
Identifying
and managing
our risks
We have a clear framework for identifying and
managing risk, both at an operational and strategic
level. Our risk identiication and mitigation processes
have been designed to be responsive to the ever
changing environments in which we operate.
Managing risk
Board Review and
conirmation
Review and conirmation
by the Board
Audit and Risk Process
Risks and mitigation
Committee validated with the
Executive Committee
and presented to Audit
and Risk Committee
for review
Executive
Committee
Group Risk
Ongoing review Co-ordinator Review and
and control assessment
There is ongoing review Group risk co-ordinator,
of the risks and controls who is the Group
in place to mitigate Audit Director,
these risks by the Audit consolidates the
and Risk Committee operating companies’
Senior Senior and Group risks to
management management compile the Group’s
key risks
of Group of operating
functions companies
Identify Identify
Senior management Local management
identify the key risks create a register of their
and develop top ten risks and
mitigation actions mitigation actions
