Basil Read has identified two broad sources of risk:
risks emanating from the group’s general operations,
encompassing many departments and disciplines
those arising at a project level and which can be of a general
nature, in that they apply to many projects, or unique to that
project.
Basil Read’s risk management report is detailed here.
Code of ethics
At Basil Read, we place trust in our employees and believe that,
inherently, each one knows and understands the difference between
right and wrong. As such, we do not see the need for detailed
policies and procedures on all acceptable and unacceptable ethical
behaviour. We believe this complicates matters and creates grey
areas where someone may believe it is appropriate to engage in a
form of unethical behaviour simply because it was overlooked or
omitted from a list.
For appropriate behaviour to be entrenched in a company, senior
management must consistently demonstrate ethical behaviour and
practices in all their dealings. Basil Read has therefore adopted a
code of business conduct to which all senior managers have pledged
their commitment. This will be renewed annually.
