Internal Control

The board of directors and the board’s audit committee are responsible for internal control. At the group level, the CEO is responsible for every legal person along with the Group’s finance department and the CFO for ensuring that the necessary controls are conducted together with adequate monitoring. Internal control comprises the control of the Company’s and the Group’s organisation, procedures and support measures.

The objective is to ensure that reliable and accurate financial reporting takes place, that the Company’s and the Group’s financial reporting is prepared in accordance with law and applicable accounting standards, that the Company’s assets are protected and that other requirements are fulfilled. The system for internal control is also intended to monitor compliance with the Company’s and the Group’s policies, principles and instructions. Internal control also comprises risk analysis and follow-up of incorporating information and business systems.