Risk management and internal control
Framery’s risk management supports the implementation of the Company’s strategy, the continuity of operations, and the achievement of business objectives. The purpose of internal control is to ensure the profitability, efficiency, continuity, and freedom from disruptions of operations, as well as to ensure that the Group’s external and internal financial and business reporting is reliable and compliant with regulations, and that internal principles, operating methods, and guidelines are followed.
Risk management
The primary objective of Framery’s risk management is to support the implementation of the Company’s strategy, the continuity of operations, and the achievement of business objectives by anticipating risks related to the Company’s operations and managing them proactively. Risk management emphasizes the role of corporate culture and is an integral part of Framery’s operations, planning, and decision-making. A risk is defined as an uncertain event resulting from external or internal factors, which can be either a threat or an opportunity. The Board of Directors has approved a Risk Management Policy, which defines the frameworks, processes, governance, and responsibilities of Framery’s risk management.
Internal control
The purpose of Framery’s internal control is to ensure the profitability, efficiency, continuity, and freedom from disruptions of operations, as well as to ensure that the Group’s external and internal financial and business reporting is reliable and compliant with regulations, and that internal principles, operating methods, and guidelines are followed. In addition, internal control ensures compliance with laws and regulations. Internal control measures cover all levels and functions of the Group.