Risk management
Tabcorp’s Risk Management Framework, summarised in the diagram opposite, explains our approach to understanding, identifying and managing risk which is aligned to the Group's strategies and operations. It sets out the main risk categories that matter to the Group, key policies including a Compliance Management Policy, and tools and procedures in place that enable the management of risk and compliance.
The Chief Risk Officer team annually reviews the Risk Management Framework to ensure its continued appropriateness and effectiveness. Any material exceptions are reported to the Executive Risk and Compliance Committee and to the Board Risk and Compliance Committee.