Managing risks
As required under IAS 34 ‘Interim Financial Reporting’ and the new UKLA Disclosure and Transparency Rules (DTR), the Board is providing a description of the principal risks and uncertainties for the remainder of the accounting period.
Tribal regularly reviews its corporate risk register and the Board considers risk assessment, identification of mitigating actions and internal controls to be fundamental to achieving the Group’s strategic objectives. The principal risks that the Group will be managing are as follows:
- operational risks – competition, bidding processes, availability of skilled staff
- changes in government policy and spending
- reputational risk.
Our risk management policies are more fully documented in the Group’s report and accounts for the nine months ended 31 December 2007.
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