Risk Management

Risk Management and Internal Control

As with all business activities, Cityvarasto’s operations involve various risks. The risks related to the Group’s business and operating environment have been comprehensively described in the prospectus published in connection with the company’s First North listing.

The task of the company’s Board of Directors is to ensure that the principles of internal control are defined within the company and that the company’s objectives related to, for example, strategy, operations, practices, and particularly financial reporting are achieved. The principles of internal control also help ensure compliance with laws and regulations. The Board of Directors has also defined the principles of risk management. The purpose of risk management is to ensure the comprehensive and appropriate identification, assessment, management, and monitoring of risks.