Arguden Governance Academy • Integrated Report • Risks and opportunities

• Value creation

Key observations:

In its 2016 Integrated Report Arguden Governance Academy concisely represents how it manages its risks and opportunities. In a table the specific risks (both external and internal) that can affect its ability to create value in the short, medium and long term, as well the time-frame of their occurrence and how they are managed is described. Then the opportunities identified in order to create sustainable value are also outlined (International <IR> Framework, para. 4D).