Continuity risk | The continuity risk is the risk that the management organisation can no longer meet the terms of its agreements with bpfBOUW, other clients, its own employees and the organisation | · REIM business plan |
| | · Framework letters |
| | · Investment plans and fund plans |
| | · Annual plans business units and departments |
| | · Reporting process |
| | · Annual ISAE 3402 type II audit |
| | · Business Continuity Plan |
| | · Service Level Agreements with outsourcing partners |
| | · Data security policy (COBIT) |
Integrity risk | Integrity risks are associated with non-compliance with laws and regulations (such as fraud and cyber crime) or transparency requirements of Bouwinvest, its employees or any party with whom Bouwinvest is conducting business | The Compliance policy and measures are explained in the next section |
Quality risk | This is the risk that the management organisation delivers poor quality, as a result of which Bouwinvest is unable to meet the terms of its agreements with its clients | · Framework letters |
| | · Investment plans and fund plans |
| | · Investment Committee |
| | · Business partner due diligence |
| | · Internal (process) control framework in accordance with ISAE 3402 type II |
| | · External auditor |
| | · Procedure for business incidents |
| | · Pricing & Valuation Committee |
Key people risk | This is the risk that the organisation does not have employees with the right skills and qualities | · Transparent culture and remuneration policy |
| | · Measures to ensure high levels of employee satisfaction |
| | · Key position succession and promotion policy |
| | · Building and maintaining reputation on the employment market |
Legal and liability risk | The risk of threats to the legal position of the organisation, including the risk of the possibility that contractual provisions cannot be enforced or are not correctly documented | · Internal Legal Affairs department |
| | · External specialist law firms |
| | · Various corporate and asset insurance policies (professional and directors liability) |
| | · Risk checks on main assets |
| | · Insurance manual |
Fiscal risk | This is the risk that the organisation’s fiscal position is determined incorrectly, as a result of which the current and deferred tax (position) is depicted incorrectly | · Internal Tax Affairs department |
| | · (Structural) external involvement tax specialists (also evaluative role) |
| | · Tax Policy Principles |
Funding risk | The risk that the funding position is not adequate and/or safeguarded, due to the fact that the growth of the organisation’s assets under management is not covered by the addition of new capital from investors | · Active approach to attraction of funding, which is the role of the Investor Relations department |
| | · Clear annual funding statement in the fund plans |
| | · Funding part of investment proposal |
Reputation risk | In the event that one of the above-mentioned risks occurs, the occurrence of said risk is inevitably related to (some) measure of reputation damage | · Transparent and frequent communications with shareholders and clients |
| | · Integrity Risk Analysis |