Enterprise Risk Management (ERM) is key to the achievement of Mimosa’s strategic objectives. In that regard, we have established a Risk Management program premised on the ISO 31000:2018 standard to achieve an appropriate balance between risk and reward. This program seeks to minimise adverse impacts and maximise on favourable impacts on organisational objectives.
The Board of Directors is responsible for oversight of risk management while the executive management team takes responsibility for the implementation of the ERM framework.
Our approach to ERM encourages ownership and accountability for identified risks and active participation of all employees in the risk management process. This helps to embed a culture which allows informed decision making within the context of the organisation’s risk appetite.