Internal Audit

The Company has a simple operating structure that includes small and mid-sized companies that are self-sufficient and independent of each other.

Compliance with the Company’s governance and internal control systems is regularly monitored by controllers at business area and Parent Company level. Controllers also conduct ongoing analyses of the companies’ reporting and financial results in order to ensure development.

Annual self-assessments of the Company’s internal control over financial reporting are also carried out. In view of the above, the Board has resolved not to have a dedicated internal audit function.