Risk management

Risk Analysis And Management

RAI Amsterdam continued and further enhanced its risk management activities during 2021, with policy steps taken in relation to the structural and systematic control of risks. Risk management is embedded in the strategic and operational processes The integrated risk management system covers all levels of the operational management and all parts of the company Risk and control measures are periodically analysed, recorded in a register and monitored, as was the case in 2021 too. A risk & compliance board oversees progress every quarter, with the Executive Board, senior management and risk & compliance ocer taking part The Board monitors the eective functioning of the system and, together with the company, aims for continuous improvement and strengthening COVID-19 obviously led to a great deal of attention being paid to acute crisis management. While 2020 was mainly focused on acute crisis management, in 2021 working with COVID-related measures become an integral part of the regular structures

Focus on realising goals

Risk management and internal control are dynamic processes. RAI Amsterdam aims to analyse and manage the risks that may arise in realising strategic, tactical and operational goals with a reasonable level of certainty. Management measures taken in this framework are focused on reducing the chance that the risk will occur and/or reducing the impact that the risk might have should that be the case

Risk management needs to be solidly embedded in the operational processes and fully applied in order to properly function The risk management system set up by the RAI is based on the principles and starting point of standards such as ISO 31000 and COSO

Although we try to limit them as much as possible, it cannot be excluded that certain risks not currently identied or considered signicant may later have a negative eect on the capacity of the RAI to realise its goals.

Risk attitude and tolerance

Entrepreneurship is one of the core values of the RAI This involves the tolerance to take risks in a controlled way The goal of risk management is therefore not to exclude risks, but to gain insights that enable us to properly address opportunities and threats

RAI Amsterdam does limit its risk tolerance Financial risks, for instance, may not threaten the nancial resilience of the RAI. The RAI always aims for a healthy safety margin with regard to its main nancing ratio (net debt/EBITDA) of 15%. This implies a continuous availability of contracted nancing capacity of at least 10 million euros as a liquidity buer

RAI Amsterdam aims to be a safe place to meet and is aware of its responsibilities in keeping our locations and events secure, healthy and accessible. In addition, we limit all safety and health risks as much as possible. Compliance with laws and regulations is the starting point The RAI seeks to minimise the risks of non-compliance and applies a very low tolerance in this eld

Integrity is important and the RAI applies a zero-tolerance policy with regard to bribery and corruption. The risk attitude of RAI Amsterdam can be schematically represented as follows.