Ridley aims to achieve excellence in all areas of risk management. This includes all and any risks associated with the safety and health of our employees, contractors and visitors, property, products, the environment, business strategies, opportunities, financial exposures and reputation. The management of risk is seen as a core strategy of Ridley’s business and a key driver of its success.

The trust of all stakeholders in Ridley is essential for Ridley to continue to grow and be successful. Our risk management activities are aimed at ensuring that this trust remains well founded. We recognise that each of us play a critical role in our collective future by what we do on a daily basis.

To achieve our aims, Ridley Corporation has established and maintains relevant corporate governance and risk management policies, strategies and standards to assist all operating entities to review, manage and report on risk exposures. Our operating entities retain responsibility for managing risks using guidelines and minimum standards set by Ridley Corporation. Their activities are continually reviewed and reported so that management and the Board can be kept fully informed. Primary responsibility for risk management resides with the Risk Review Committee, a sub-committee of the Board.

Through the Risk Review Committee, the Board is responsible for ensuring that ongoing, high level and wide ranging reviews of the major risks that face Ridley are undertaken. It is also responsible for addressing and mitigating the potential impacts of any such risks and enhancing the understanding and management of risk throughout Ridley.

The Risk Review Committee is supported in these aims by the Risk Management Committee, which comprises representatives of senior management from corporate and the operating entities. The Risk Management Committee has the following functions:

• Primary responsibility for the management of risk across Ridley
• Advise to the Risk Review Committee and the Board on key risk exposures
• To analyse major risk exposures across the broad spectrum of operational and financial risk issues
• To develop, review and monitor the annual risk management plans
• To identify risk exposures to the business
• To determine the most appropriate treatment for identified risks
• To approve programs for the management and control of risks
• To develop and set benchmarks for risk management practices throughout the business
• To monitor, measure and communicate Ridley’s risk management performance

Risk management activity is reported to the Board on a monthly basis or more frequently if required.

Risk Review Committee Charter