Risk Management and
internal control

Risk management

Sunborn International Plc’s Risk Management Policy provides a structured approach to identifying, assessing, and mitigating risks across its operations, particularly risks related to floating hotel operations. The policy supports strategic execution, operational continuity, regulatory compliance, and organizational resilience. Risks are evaluated through self-assessments, project-specific analyses, and ongoing monitoring of the external environment.

The framework addresses a broad range of risks, including operational, financial, environmental, market, health and safety, cybersecurity, reputational, and supply chain risks. Compliance with UK HSE standards and GDPR is emphasized, along with employee involvement, training, and contingency planning.

Governance responsibilities are clearly defined across the Board of Directors, CEO, CFO, internal auditors, and staff. Regular reporting—quarterly, bi-annual, and annual—ensures transparent oversight. Mitigation strategies include risk avoidance, reduction, transfer, and acceptance. The policy undergoes annual review and approval by the Board, with interim updates managed through executive leadership, ensuring adaptability to changing risk landscapes.

Internal control

Sunborn International Plc’s internal control framework aims to provide reasonable assurance regarding the efficiency and effectiveness of operations, the reliability of financial and management reporting, compliance with laws and regulations, and the safeguarding of assets.

The internal control system applies across all business areas and organizational levels, including Sunborn International’s floating hotel operations and any outsourced services or functions. It is designed to support the achievement of strategic and operational objectives by embedding control measures into day-to-day processes.

Responsibilities for internal control are clearly distributed, with the Board of Directors, CEO, CFO, and subsidiary-level executives all contributing to the identification of risks and implementation of appropriate responses and controls within their areas of responsibility.

Due to the nature and structure of its business, Sunborn International Plc does not maintain a separate internal audit function. Instead, internal audits are carried out by the management team and supplemented by extended procedures conducted as part of the statutory external audit.