RWS Annual Report 2022 web - Flipbook - Page 47
MAPPING OUR RISK
The Group categorises risks according to the likelihood
of occurrence and the potential impact on the Group.
Impact is assessed on both financial and reputational
grounds. Financial impact in the period could be
increased costs, reduced revenue, fines or increased
management time required to deliver a given activity.
The adverse impact on share price will initially be
used as a proxy at Group level to capture longerterm reputational impacts. The Directors have also
assessed the risks on a gross basis (i.e. without
existing mitigations) and a net basis (i.e. with existing
mitigations).
STRATEGIC REPORT RWS — Annual Report 2022
47
