Approach

The Fund promotes a risk aware environment and culture which is integrated into decision making at all levels within the Fund.

The Fund adopts the following principles:

Its philosophy guides strategic and operational decisions.
Encouragement of an open and honest environment.
Risk management is integral to management and future direction of the Fund.
Ownership and management of the risk is retained within the unit where the risk originates.
Empowerment of all individual within the Fund to report any perceived risks or opportunities without fear of retribution.
The Chief Executive Officer plays an oversight role in supporting effective implementation of the Fund’s risk policy and Framework.

Risk Management is central to good corporate governance of the Fund. It is a process the Fund adopts

The Legal Practitioners Fidelity Fund is mandated by the Legal Practice Act to protect the public against loss

The ERM process within the Fund is not operated in isolation but instead it is embedded within daily processes

The Legal Practitioners Fidelity Fund’s objective in monitoring and compliance is to provide feedback regarding the adherence