GBp 288.20 0 Customer websites About us Our way Investors Media Careers Customers Quick find Key facts Our businesses Our business model Our strategy Our markets Our management Our history Corporate governance Governance framework Committees Remuneration Risk and Risk Management Internal Control Home About us Corporate governance Risk and Risk Management Risk and Risk Management The Group has a well established governance structure with internal control and risk management systems. The risk management process: provides a framework to identify, assess and manage risks, both positive and negative, to the Group’s overall strategy and the contribution of its individual component divisions; gives business unit management formal tools to identify and manage risks in their day-to-day operations; allows Group Executive management to identify and manage the risks that are likely to have a more significant impact on the financial results and strategy and share common issues and solutions across the Group; and allows the Board to fulfil its governance responsibilities by making a balanced and understandable assessment of the operation of the risk management process and its outputs. Open all During 2014 the Group focused on the following key areas of risk: Risk Change Why? Responsible Concession and contract renewal - Continued bidding activity Group Chief Executive and divisional Managing Directors Economic conditions and austerity - Tight public budgets in persistently weak economic conditions Divisional Managing Directors Political and regulatory - Ongoing regulatory changes in Spain, North America and UK Group Chief Executive and divisional Managing Directors Contract bidding - Ongoing inherent risk in contract businesses Divisional Managing Directors Contract mobilisation Up Mobilisation for new bus and rail contracts in Middle East and Germany Managing Directors of the International and Rail divisions The following are ongoing risks within the business: Principal risks and uncertainties Principal risks and uncertainties (60 Kb PDF) National Express Group National Express Group is a leading transport provider delivering services in the UK, Continental Europe, North Africa, North America and the Middle East. Every year more than 845 million journeys are made on our buses, trains, light rail services and coaches. National Express Group PLC is a company registered in England and Wales, whose registered office is National Express House, Birmingham Coach Station, Mill Lane, Digbeth Birmingham, B5 6DD. Registered No: 2590560. Quick Links Home About us Our Way Investors Media Careers Customers Site tools Contact us Cookie Policy Sitemap Alert service RSS feed Keep in touch