Risk Management Activities

Group Management sets the risk management policies for the entire Group. Accountability for managing risks is clearly assigned to management at Group, divisional and local level. 

Group Management has overall responsibility for the management of risks, and for the implementation and maintenance of control systems in accordance with the Board’s policies. Specifically, divisional management and established functional committees are responsible for ensuring that a process for creating risk awareness exists throughout the division. The divisional presidents are responsible for all aspects of the operations in their divisions, including operational risk management and risk minimization. Operating unit managers and country risk managers are responsible for ensuring that risk management is part of the local corporate culture at all levels within a country.

Accountability for managing risks is clearly assigned to management at Group, divisional and local level.

Risk responsibilities

Principal activities Branch/Area Countries/Division Group
Risk assessment x x x
Contract management x x x
Loss prevention x x  
Claims settlement   x x
Insurance purchasing     x


To be successful, all of Securitas’ branch managers must understand the risks associated with providing services and be able to assess and control these risks. Securitas actively pursues different risk management activities to increase awareness and knowledge. One important tool is the business risk evaluation model “The Scale”.

 

 
For examples of activities during 2015 refer to page 42 of the Annual Report 2015.

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