MANAGEMENT DISCUSSION AND ANALYSIS 3. Cybersecurity Risk Cybersecurity breaches, for example, can damage a company’s reputation, which is difficult to insure against. To mitigate the risk, the Group has implemented the Business Continuity Management (“BCM”) drill or testing annually which focuses on IT infrastructure. TheCompanyhasundertakenan ITRiskassessment andPenetration Test which was concluded on 12 April 2021. 4. Human Capital Risk Succession planning risk may affect Al-`Aqar’s operation when the critical role becomes vacant and cannot be filled satisfactorily before the vacancy has an unacceptable impact on the organisation. Thus, strategic implementation of activities and processes are designed to decrease the likelihood of lengthy vacancies in critical roles and limit the impact of vacancies in critical roles when they do occur. The Manager has tabled its succession planning framework at the Board meeting and has obtained approval from the Board at the Board meeting on 2 December 2021. The framework includes identification of future successors and leadership training for candidates of critical positions. CORPORATE OVERVIEW STRATEGIC PERFORMANCE THE DRIVING FORCES SUSTAINABILITY STATEMENT G 055 GOVERNANCE STRUCTURE FINANCIAL REPORTS
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