Risks and risk management

Risks and risk management

The Board of Directors regularly reviews risk management systems, controls and policies

The main purpose of the review is to ensure that risks potentially critical to the Group’s ability to achieve the set targets are identified and hedged.

Like the rest of the Group, the general management of the risk area is based on the principles of the fundamental management structure, which is described in the section on corporate governance. Daily follow-up and management of risks are based on a structure of internal policies, concepts and procedures.

At North Media, risks are divided into six levels and illustrated as follows:

Control and risk management - presentation of financial statements
Financial risks

Operational risks

Market risks

Mega trends

Political risks
Easy to affect
Difficult to affect