Fondia Plc has a risk management policy approved by the Board of Directors. The purpose of the company's risk management is to ensure comprehensive and appropriate risk identification, assessment, management and control throughout the Fondia Group. It is an integral part of Fondia's planning and management process, decision-making, day-to-day management and operations, and control and reporting procedures.
Risk management and risk control measures are integrated as an integral part of the company's management and business processes. The aim is to aggregate risks across the organisation. The Group Management Team regularly monitors the implementation of risk management and, under the leadership of the Group Risk Compliance Officer appointed by the Board of Directors, regularly reports to the Board of Directors on risks and the progress of risk management measures. The adequacy and effectiveness of these measures are assessed as part of the business monitoring process. If necessary, corrective measures are taken. The Group Risk Compliance Officer also attends the Board meeting at least twice a year.
Each year, the Board of Directors reviews the material risks affecting the Fondia Group's activities and their potential impact and decides on policies for dealing with these risks. The Board of Directors also monitors and discusses risk management at other regular intervals through the risk analysis submitted to it.