Baillie Gifford operates a group-wide risk management framework. This includes a Risk Appetite Framework and Group Risk Policy, supported by several committees that oversee effective risk management and the operation of internal controls. The framework focuses risk management activity on the strategic aims of the business and provides a high degree of confidence that unexpected risk events will not interfere with the strategy. It also provides a means of expressing the firm's attitude to risk and forms a framework for risk decision-making. This includes market-wide and systemic risks to the business. The Management Committee of Baillie Gifford is responsible for overseeing the firm's overall strategy and risk profile and for approving the Risk Appetite Framework. The key governance committees in respect to risk management are set out in the diagram below:
The Management Committee of Baillie Gifford is responsible for overseeing the firm's overall strategy and risk profile and for approving the Risk Appetite Framework. The key governance committees in respect to risk management are set out in the diagram below: