Senwes Integrated Reports Senwes 2017/2018 Integrated Report(a) | Page 25

THE BUSINESS 23 FUTURE CHALLENGES [Material risks and opportunities p 82] Credit, liquidity and market risk; Weather and climate risk; Market size and market share risk; Political instability and economic climate risk; Commodity price risk; Transition and customer risk; Diversification and agricultural industry risk; Unique competitor risk; Regulation and compliance requirement risk; Urbanisation, scarcity and retention of skills risk; Systems risk; Theft and fraud risk; Environmental, health and safety requirements risk. REASSURANCE IN RESPECT OF FINANCIAL CAPITAL Unqualified external audit opinion; The Risk Committee’s analysis of strategic and operational risks; An Investment Committee supervises the investment philosophy and investment management; Internal Audit provides an opinion on the combined control environment. TRADE-OFFS IN OUR USE OF FINANCIAL CAPITAL Financial capital enables Senwes to grow the business in a sustainable manner, with a positive impact on manufacturing, human, intellectual, social, relationship and natural capital. OVERVIEW | THE BUSINESS | STRATEGIC AND OPERATING CONTEXT | CORPORATE GOVERNANCE | FINANCIAL REVIEW An independent Audit Committee ensures integrity of controls and financial disclosure;