| Risk |
Mitigants |
| Sovereign risk |
- The Group recognises that there is an inherent political risk
associated with the countries in which it operates. The Group
regularly monitors and reviews all jurisdictions in which it
operates. The Group's personnel are experienced within the industry
and maintain close relations on the ground within each
jurisdiction.
|
| Legal, regulatory or litigation risk |
- Ophir's activities are subject to various different
jurisdictional laws, tax regimes and regulations. The Group employs
suitably experienced and qualified staff and advisors who can
assess, and where necessary respond to external risks.
- The Group's key policies and procedures have considered
requirements of the UK Bribery Act.
- The Group maintains a Business Code of Conduct and ensures
proper training for employees occurs.
|
| Investor and stakeholder sentiment |
- The Group fosters strong relations with the local communities
and host country governments in the jurisdictions in
which it operates. It continually interacts with all relevant
stakeholders.
- The Company maintains regular dialogue with all key
shareholders. The company has established investor relations and a
corporate affair function during 2012 and ensures all material
information is released to the market in a timely basis.
|