Risk Governance
Effective risk management practices are at the heart of our business. GM&T operates a Risk Oversight Committee (ROC) chaired by Claus Bergschneider to deliver executive management oversight and supervision of the risks associated with the company's marketing and trading activities.
The Board of Directors is responsible for approving risk management principles and policies, with authority passed to the ROC to ensure risk policy is complied with and that procedures remain robust and fit for purpose. The ROC provides assistance to the Board in a number of key areas. These include:
- Understanding of the risks inherent in energy trading and marketing activities
- Overseeing proper management of these risks
- Ensuring the Company's policy remains appropriate to the nature and speed of GM&T's expansion.
The ROC also provides the platform for GM&T to review any new deal or prospective business activity on a wider basis prior to implementation. This forum enables our management team to comprehensively consider the associated market, credit, legal and operational risks whilst ensuring the business continues to operate in a controlled manner.
