38 / HeadFirst Group Annual report 2021 Summary / Management report
Risk management Approach to risk management Our approach to risk (and opportunity) management aims to mitigate the chance and impact of certain risks, while maximising opportunities. As part of our long-term value creation, this risk (and opportunity) management is embedded in our strategy and essential for achieving our goals. HeadFirst Group periodically reviews and re-evaluates its risk profile to manage the most important risks and create a healthy balance between risks and potential rewards. HeadFirst Group identifies four risk categories: strategic, operational, financial, and compliance. The consideration of a healthy balance differs for each risk category.
Risk profile The next paragraph comprises a categorised overview of the risks that we believe are currently the most relevant to the achievement of our strategy. This risk overview should not be considered exhaustive. There may be risks not yet known to HeadFirst Group or risks that are currently not deemed to be material, but which could later turn out to have a material adverse effect on HeadFirst Group’s business, operating results, and/or financial condition. The sequence of the risks does not reflect an order of importance, vulnerability, or materiality. “ Identifying and eliminating risks is one of HeadFirst Group's key services to its clients. So we have a natural eye for it.”
