Page 33 - TCE Annual Report 2024-2025

Overview Leadership Messages Governance Strategic Insights Business Review People & Community

Risk Key Risk Areas Areas Impacted Mitigation Strategies
Category
• Dependency on a few key • Business • Make conscious efforts to reduce
clients, specific business models, performance may dependency or concentration on
geographies, or sectors could become volatile any single client, geography, or
negatively affect revenue. or experience • Develop new key or large client
sector.
Concentration Risk consistent performance by TCE, • Over-reliance on • Strengthen business relationships
fluctuations.
• Even with strong relationships and
accounts.
such clients might be forced to
any single factor
reduce, delay, or cancel contracts
could hinder the
with clients at various levels.
achievement of
due to changes in their business
acquisition, revenue,
environment.
and expected
profitability or
operational targets.
• The company’s project execution • Unexpected costs to • Adequate professional liability
activities may result in liabilities as correct deficiencies insurance is maintained at the
per the contract conditions. may lead to an organisation level.
increase in overall
• Force Majeure conditions may be project costs. • Proper due diligence is conducted
activated. • Negative impact on during the bid stage to avoid taking
on large liabilities, while strictly
Liabilities • The company could be exposed profitability. adhering to contract requirements
to monetary damages, claims,
and following professional best
or reputational risks due to
and legal disputes.
deficiencies in service or any • Increased litigations practices to prevent the imposition
of penalties or liabilities.
catastrophic event at the
company’s project sites. • Project-specific insurance is
arranged wherever there are
particular requirements.

• Although the company safeguards • Unexpected and • Strengthening internal processes,
its intellectual property through substantial financial contracts, and other mechanisms to
contractual arrangements, formal costs. protect the company’s intellectual
registrations, licensing, and property, confidential information,
non-disclosure agreements, it • Significant and trade secrets.
may not be able to fully prevent use of senior • Providing regular training to
Intellectual Property (IP) • There is a risk that employees, • Negative effect respecting both the company’s IP
management’s time
infringement of its intellectual
employees on the importance of
and attention.
property.
and that of other stakeholders, and
on the company’s
on the serious consequences the
either inadvertently or
reputation and
intentionally, may cause
company could face in the event of
brand value.
infringement of a client’s or third
any infringement.
party’s intellectual property rights.
• Legal proceedings to determine
the scope or enforcement of IP
rights, even if successful, can be
time-consuming and expensive.

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