Effective governance ensures that risk management is transparent, consistent and embedded at all levels of the Group

Risk Management and Governance Structure

The Board has overall responsibility for overseeing risk management, including determining the Group’s risk appetite and maintaining an appropriate risk governance structure. Detailed oversight and review responsibilities are delegated to the Audit and Risk Management Committee. Further, the Board acknowledges its responsibility for establishing, maintaining and overseeing the effectiveness of Link’s risk management and internal control systems.

We have implemented the three lines of defence model of risk governance, separating risk ownership, oversight and independent assurance to reduce gaps and minimise conflict of interests.

Risk Appetite Statement 

We take a disciplined approach to risk, aligning strategic growth with financial resilience and regulatory integrity. Our risk appetite provides a structured framework for decision-making, enabling us to pursue opportunities while maintaining stability, compliance, and investor confidence. While we accept managed risks that drive innovation and performance, we remain anchored in strategies that safeguard our long-term resilience and sustainability. Link maintains zero tolerance for behaviours or outcomes that breach our values and integrity, regardless of whether such actions fall within our direct control.

Risk Management Process  

We adopt an enterprise-wide approach to risk management, under which risks are consistently identified, assessed and managed across the organisation. Principal risks are identified and monitored through a risk register reviewed regularly by management and the Audit and Risk Management Committee, enabling prioritisation of mitigation efforts across the organisation. 

Please refer to the related section in the Annual Report for more information.