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ENTERPRISE RISK MANAGEMENT PROCESSThe risks identified through the ERM process are systemically reviewed on a regular basis to ensure they are effectively managed and mitigated to an acceptable level, safeguarding the organisation%u2019s ability to achieve its objectives. Board of DirectorsReview key risks quarterlyExecutive CommitteeReceive regular ERM updates, challenge risk profile and assess action planChief Operating Officer (COO) and Chief Financial Officer (CFO)Overall Responsibility for management of risks within Valeura EnergyERM Coordinator%u2022 Facilitate ERM workshops%u2022 Manage updates and reporting%u2022 Recommend ERM strategy%u2022 Maintain ERM standard, guidance on risks related issues%u2022 Monitor action plansRisk ChampionsManage risks within their respective asset, Business Unit or FunctionRisk OwnersManage day-to-day responsibilities associated within their assigned risksAction OwnersImplement Action PlansCoordination & AdministrationGovernanceExecutionVALEURA ENERGY INC. 099