Sustainability Report 2024 | National Corporation for Tourism & Hotels

NCT&H Sustainability Report 2024 20 Risk Management (continuation) The Board of Directors are committed to fostering a culture of risk management and developing and implementing frameworks, processes, tools and structures that systematically and proactively identify, measure, mitigate and report risks. The purpose and objective of the Risk Management policy is to:  Communicate objectives and key principles of risk management.  Develop a common understanding across the Company of acceptable risks, so that decisions across management levels are taken in accordance with the Company’s strategy.  Formalize and communicate consistent processes and tools for identifying, measuring, mitigating, monitoring and reporting risks at all levels within the Company; and,  Hold all staff accountable for managing the key risks within area their areas of responsibility and clarifying their interactions. Corporation Overview | Economic Responsibility | Environmental Duty | Life at NCT&H