Effective risk management remains critical to our success. The Board has overall responsibility for Kier-wide risk management and sets the Group’s risk appetite. We continually review our approach to risk management, taking into account the need to balance risk and opportunity. Kier manages risk, both ours and our clients’, as a natural part of our business operations.

The Group’s principal risks and uncertainties for the year ended 30 June 2018 and a summary of the actions taken to mitigate those risks is set out on pages 37 to 41 of the 2017 annual report.

The Board has delegated responsibility for the oversight of the Group’s risk management and internal control systems to the Risk Management and Audit Committee.

Further information on the role of the RMAC is set out on pages 73 to 78 of the 2017 annual report.