Integrated Annual Review 2012 Annual Financial Report 2012 Mineral Resources and Mineral Reserves Regional overview  
 

3.2 Group risks and opportunities

Our mature Enterprise Risk Management (ERM) process is aligned with the ISO 31000 international risk management standard and is subject to continuous improvement. For example, during 2012 we formalised and enhanced our scanning and analysis of the global risk environment – including the integration of expert external analysis from a variety of international sources.

The overriding purpose of the ERM process is to help Gold Fields become more resilient in the global business environment and achieve its strategic objectives. It also supports our efforts to achieve the highest levels of corporate governance, as well as full compliance with the risk management requirements of South Africa’s King III Code.

Figure 3.4: Risk management review process and reporting structure   Early exploration at Salares Norte, Chile
Risk management review process and reporting structure   Early exploration at Salares Norte, Chile