OUR BUSINESS UNITS LXFR 20.61 -0.33 About Investors Press & Media Environment, Social and Governance Careers Contact Investors Governance Risk Management Risk Management Preventing and responding to risks through knowledge and management. Luxfer has a comprehensive, enterprise-wide risk management program in place that assesses, monitors, and mitigates risks that arise in the course of business. Consistent with our leadership structure, management has the day-to-day responsibility for assessing and managing Company’s risk exposure, while the Board of Directors provides oversight in connection with those efforts. The Board reviews and assesses any identified risks on a regular basis and manages such risks in accordance with Luxfer’s Enterprise Risk Management (“ERM”) process. Board meetings regularly include strategic overviews by the CEO and CFO describing the most significant issues and risks affecting the Company. Additionally, the Board is provided regular updates from business unit leaders, Luxfer’s General Counsel, and other functional business leaders. The Company’s ERM process provides Luxfer with a common framework that ensures consistency in the identification, reporting, analytics, and management of key risks. This process helps us identify key risk factors, evaluate their likelihood and size, and manage the effectiveness of controls in place to mitigate the impact of identified risks or the likelihood of such risks occurring. Below, you will find our Group Risk Management Policy which ensures that appropriate decisions involving risks are made in a timely fashion throughout the Company. Employees are expected to integrate the principles contained in this Policy into their job functions as a means to minimize the overall cost of risk and encourage a culture of commercial risk awareness. Risk Management Policy (0.37 MB) Our Business Units Magnesium- At the Heart of Medical Innovation Luxfer MEL Technologies' magnesium alloys are used in a broad range of applications and industries. In healthcare, our award-winning SynerMag bio-resorbable alloy is a new product that is used to help patients requiring short-term implantable devices. Find out more Contact We've Had Their Backs for 50 Years Luxfer is the most trusted name for high-pressure gas cylinders worldwide from life-protecting use in public safety and healthcare to making our environment cleaner with CNG storage on vehicles and in specialty applications. Find out more Contact Zirconium- A Cleaner World Luxfer MEL Technologies' high-purity zirconium-based materials are used in a broad range of industrial processes. Our ISOLUX free-flowing powder, removes heavy metals and other contaminants from drinking water by its unmatched adsorption performance. Find out more Contact Saving Lives Luxfer Magtech is the global leader in flameless heating technology, magnesium products, and specialty powders. Our customers rely on us for innovative solutions for countermeasure flares, combat rations, chemical agent protection, and disaster relief. Find out more Contact Setting the Industry Standard Luxfer Graphic Arts is a global leader in magnesium photo-engraving plates, engraving metals and etching chemicals. Customers worldwide rely on us for magnesium alloys in plate, sheet and coil form for light-weighting, dampening and forming applications. Find out more Contact Get all the latest press releases via email Sign up INVESTORS Governance Reports and Presentations SEC Filings Share Price Information GOVERNANCE Director's Responsibilities Risk Management Board Director Profiles Executive Profiles ENVIRONMENT, SOCIAL & GOVERNANCE Environment Social Governance ABOUT PRESS & MEDIA CAREERS CONTACT © 2021 Luxfer Holdings PLC - all rights reserved Registration No. 3690830 Luxfer Holdings PLC, Lumns Lane, Manchester M27 8LN Site Map Accessibility Terms & Conditions Privacy Newsletter Unsubscribe Site created by .st0{fill:#F9A13A;} Employee Login