Risk management approach

In general, GrandVision adopts a prudent approach towards risk-taking. The Company’s approach to risk cannot be captured in one figure or formula. Risk boundaries are set by the company’s strategy, values, policies and corporate directives. The approach to risk differs per type of risk:

  • Strategic risk – the Company is prepared to take above-average calculated and carefully weighted risk in pursuing its growth ambitions
  • Operational risk – the Company strives to minimize risks relating to the implementation of its strategy
  • Financial risk – the Company has adopted a prudent financing strategy
  • Compliance risk – the Company strives for full compliance with all legal and regulatory requirements