Australian Hardware Risk Management Strategy and Action Plan

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Australian Hardware Risk Management Plan 2013 Australian Hardware Risk Management Plan FY2013 Risk Management Policy Australian Hardware is committed to the effective management of risk, which is central to the continued growth and profitability of the company. The purpose of this policy is to ensure that: ● appropriate systems are in place to identify – as much as is reasonably possible and practical – risks that the company faces in conducting its business ● the potential impact of identified risks are understood and appropriate limits are set to assist in the management of exposures to those risks ● responsibilities are delegated to manage the identified risks ● assurance is provided as to the effectiveness of the risk management system and risk controls ● any changes to the company’s risk profile are monitored and disclosed. This policy covers all risks that could have a material impact on the company, including those related to: ● people ● objectives (including financial ● assets ● reputation ● the environment. performance) ● customers Accountabilities The board is accountable for: ● overseeing the effectiveness of the risk management system ● monitoring compliance against the requirements of the risk management system and reviewing the adequacy of controls ● reviewing the risk profile of the company and approving the policies and systems implemented for the ongoing identification and management of risks ● reviewing the company’s capacity to absorb ● requiring provision by management of reports on the performance of systems used to identify and manage risks and regularly reviewing these reports. Page 1 of 9 Australian Hardware Risk Management Plan FY2013 The Chief Financial Officer (CFO) is accountable for: ● identification and management of risks including risks in relation to all significant

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