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      "text": "Successful management of existing and emerging risks is critical to the long-term success of our business and to the achievement of our strategic objectives.",
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      "text": "CONTENTS FINANCIAL YEAR 2024 COMBINED MANAGEMENT REPORT 23 TUI Group Strategy 27 Corporate Profile 34 Risk Report 50 Overall Assessment by the Executive Board and Report on expected Developments 54 Business Review 76 Non-Financial Group Declaration of TUI Group 105 Annual financial Statements of TUI AG 108 Information required under Takeover Law 111 TUI Share 115 Report in accordance with recommendations of TCFD CORPORATE GOVERNANCE CONSOLIDATED FINANCIAL STATEMENTS AND NOTES",
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      "text": "Successful management of existing and emerging risks is critical to the long-term success of our business and to the achievement of our strategic objectives. In order to seize market opportunities and leverage the potential for success, risk must be taken to a reasonable degree. Risk management is therefore an integral component of the Group's Corporate Governance.",
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      "text": "At TUI, managing risk is not limited to identifying only those developments that could jeopardise the companies continued existence, it also includes the active management of all other material risks. Risk management is limited to risks only, short-term opportunities are managed in the controlling process, whereas Group Strategy continuously identifies and monitors mid to long-term opportunities. Legal risks are reported in a separate legal risk report.",
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