48 INTEGRATED ANNUAL REPORT 2022 Risk register The committee oversees the risk management of the NCT group. Management is mandated by the Board to determine the major risks and to develop and implement the necessary controls. The risk register is reviewed regularly at committee meetings. Those risks which cannot be avoided or mitigated through management controls are covered by an array of insurance products which gives sufficient cover at competitive rates. The major risks during the reporting period have been managed well and include: NCT’s biggest identified risk State entities / operations / influence 11 Legal and corporate governance oversight 5 Stockpiling and cash flow issues 6 Resource and R&D capacity loss 5 Human capital 7 Supply reliability and product rejection 7 FSC reduction/loss 8 Information systems 8 Market factors (local and global) 9 Exchange rate 9 Protracted COVID-19 pandemic 9 Key risk areas identified and their potential impact-rating on NCT * *
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