risk management
It is our policy that a-iTrust implements a
consistent risk management approach and
methodology across its entities, recognising that risk
management is integral and essential to achieving
our strategic goals and business outcomes.
a-iTrust has no direct employees. Ascendas
Property Fund Trustee Pte. Ltd. and Ascendas
Services (India) Pte. Ltd. act as the Trustee-
Manager and Property Manager respectively.
Hence the risk management processes and
practices will be executed by Ascendas Property
Fund Trustee Pte. Ltd., Ascendas Services
(India) Pte. Ltd. and such other parties providing
services to a-iTrust, for or on behalf of a-iTrust.
a-iTrust accepts, as an organisational
philosophy, that:
•
Management of risk is critical to governance
and forms part of Management’s responsibilities
at all levels within the Trust (Board, senior
management and, ultimately, all staff);
•
Guidance for discharge of these responsibilities
will be provided via key strategic and
operational risk management principles
applicable throughout the Trust; and
•
External assistance may be engaged
periodically to independently verify
implementation of this policy and review
key risk management principles.
Enterprise-wide risk management process
is put in place to ensure potential risks are
identified and key controls to mitigate these
risks are established and implemented. This is
continuously assessed, monitored and reviewed
in light of changing circumstances and regulatory
requirements, and realigned as required.
Risk management information is integrated
throughout the different sections of our Annual
Report and is highlighted with the
logo. This
provides readers with insights into the critical
linkages between the different risks faced by
the Trust, and the measures taken to mitigate
them as we manage our daily operations.
.22
ASCENDAS india trust ANNUAL REPORT
2015/2016
Ove r v i ew
what af f ect s us
what we do
our p e r formance
