REG - Balfour Beatty PLC - Balfour Beatty plc Annual report and Accounts 2014 <Origin Href="QuoteRef">BALF.L</Origin> - Part 2

Balfour BeattyAnnouncement

02/04/2015 17:40

- Part 2: For the preceding part double click  ID:nRSB3905Ja 

                                                                                                                                                                                                                                                                                                                     management systems that are in place to manage some of the aforementioned risks. Scope 1 and 2 GHG emissions are also externally assured (see page 39) to ensure that the data is correct.                                                                      
 
 
 Discontinued operations                                                                                                        Increased risk                                                                                                                   
 Risk descriptionThe Group continuously reviews the markets and territories in which it operates in order to make the best use of its resources. It is essential that when the Group exits particular markets and territories through disposal or winding down   What impact it might haveA breach of local law and standards could lead to investigations, disputes and prosecution with associated reputational damage and increased costs, which could impact adversely on Balfour Beatty's continuing businesses. How it is mitigated•     Experienced professionals, supported by external advisers, manage disposal processes to ensure that the legal documentation covering disposals protects the Group's position as well as can be foreseen•     Use of project management capabilities in managing any transitional service arrangements and migration activities to ensure that risk exposure is tolerable•     Where appropriate ensure there is a wind-down plan in place and that progress against this is appropriately overseen.  
 its activities, it complies with all local regulations and laws, and ethical best practices and adheres to Balfour Beatty values. How the risk may manifest itself•     In disposing of businesses, the Group typically provides the purchaser with various                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 indemnities which may expose Balfour Beatty to future legal claims and cost as a result of indemnity breaches•     The Group may be required to enter transitional service arrangements with the purchaser. Such arrangements and related migration activities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
 could lead to future legal claims and costs•     As the Group winds down activities in a particular market or territory there is the risk of losing business-critical staff and knowledge.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
 
 
Balfour Beatty also faces significant risks and uncertainties that are common
to many companies - including financial and treasury risks, the management of
pension liabilities, information security risks, business continuity and
crisis management and hazard risks. 
 
This information is provided by RNS
The company news service from the London Stock Exchange