Page 31 - TCE Annual Report 2024-2025

Overview Leadership Messages Governance Strategic Insights Business Review People & Community

Risk Key Risk Areas Areas Impacted Mitigation Strategies
Category
• TCE’s international operations • Loss of business. • Conducting and updating country
are subject to additional risks risk analyses regularly to identify
and uncertainties, including • Risks to the safety suitable geographies for expansion
unfavourable political and security of based on a Go or No-go assessment.
developments and weak personnel.
economic conditions. These may • Adverse impact • Undertaking proper due diligence
include unexpected changes on revenue and during the bidding stage with
in government or policies, profitability. respect to country or location-
geopolitical tensions, potential specific risks. Avoiding engagement
non-compliance with evolving • Effect on the in countries or regions that
regulations and industry standards, company’s global are excessively risky, unsafe,
renegotiation or cancellation of footprint. economically unstable, or weak.
existing contracts, social, political, • Financial • Establishing systems and processes
International Operations • The acquisition of CDI Engineering • Delays or failures • Maintaining proactive and frequent
and economic instability, and
to ensure compliance with all key
performance of the
currency fluctuations.
regulatory, governmental, and
consolidated entity.
contractual requirements, standards,
and laws.
Solutions may not deliver the
in expanding into
expected business benefits in the
key geographies or
United States as intended.
sectors.
to ensure integration is carried out in
the true spirit of partnership.
• Challenges in communication with the CDI team
integration of
systems, processes, • Setting up a dedicated integration
and culture. team to address and resolve any
challenges that may arise.
• Regulatory hurdles
due to changes
in regulations,
particularly
relating to foreign
investments or
repatriation. • Conduct regular training and

• Although processes are in
• Exposure or
Loss of Confidential Information / Data Violation / Breach safeguard confidential information • Negative • Ensure appropriate Non-Disclosure
awareness programmes to sensitise
place to correctly identify and
loss of sensitive
information.
employees on the importance of
belonging to the company and
information security.
its stakeholders, there is still a
consequences on
potential risk of loss or breach of
Agreements (NDAs) and confidentiality
brand reputation and
such sensitive data.
credibility.
undertakings are signed by employees
and business partners.
• Potential loss
• Strengthen IT infrastructure and
of ongoing or
continuously monitor for potential
future business
breaches or vulnerabilities in
opportunities.
security systems.

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