Rich Net Global

Risk Management

Our capacity to recognise and manage the risks inherent in our investments is critical to the long-term viability of our organisation. As a result, taking these risks into account is critical to the formation of our corporate strategy as well as the continuing oversight and management of our organisation. The Risk Management Committee, which is made up of members of our Executive Management Team, monitors the risks. This committee receives advice from other Rich Net Global members, including those in charge of new business growth, financial performance, legal compliance, and technical evaluation of our business interests. The Risk Management Committee meets on a regular basis to discuss current and future threats to Rich Net Global's continuous success, to evaluate appropriate mitigation of the risks that may develop, and to implement mitigation techniques as needed.

Our risk management strategy is reviewed at least quarterly with senior management by our CEO and adjusted as needed as part of our corporate strategic planning and enterprise risk management processes. Senior management discusses relevant updates, which are then provided to members of the Risk Management Committee. The Risk Management Program is overseen by the Board of Directors. Management provides reports to the Board of Directors on a quarterly and on an as needed basis. The Board of Directors advises management on suitable program adjustments that line with the Company's business plan.

The Board of Directors is in charge of overall risk management, with a focus on the most important risks to Rich Net Global. Every member of the Board has prior expertise in enterprise risk management. The Board also monitors our enterprise risk management program, which is meant to identify, define, manage, and, if required, reduce the risks that Rich Net Global faces.