NAIF’s primary focus is on its Investment Decisions and NAIF has structures in place to manage the risks associated with this function including detailed due diligence and credit approval processes. In addition, NAIF manages a comprehensive list of strategic, governance and operational risks. NAIF’s key risks (refer figure 9.1) fall into the following broad categories:
Strategic: risks related to meeting strategic objectives and expectations of key stakeholders;
Investment Decisions: Project assessment and credit related risks;
Governance, Legal & Regulatory: compliance with relevant obligations such as confidentiality, conduct and fraud; and
Operational: risks associated with running a viable and efficient business including resourcing, business continuity, outsourcing and health and safety.
