The Board of Directors has defined the company’s risk management principles. The company’s risk management provides support to achieving strategic goals and ensures continuity of business operations.
The risk management practices aim at identifying and assessing risks as well as minimizing the possible effects of risks. Measures taken may include risk avoidance, risk minimization through different means, and risk transference with e.g. insurance or contracts.
The Group follows the Finnish accounting standards. The company reports its most significant risks in its financial statement and interim reports. Risks related to Efecte’s business, operating environment, and financing are described in more detail in financial staments and half-year reports.