• Articles of association
• General meeting of shareholders
• Election committee
• Board of Directors
• Committees of the board of directors
• Management
• Auditors
• Internal control
• Review by auditors
• Ethical guidelines
• Risk analysis
  • Strategic risks associated with market and industry
  • Operational risks
  • Financial risks

Risks and opportunities

Like all other businesses, the B&B TOOLS Group’s operations entail risks and opportunities.
The purpose of risk management in the Group is to balance opportunities and risks in a conscious and controlled manner.
The Group is convinced that a decentralised approach creates an entrepreneurial spirit, where risk is always a natural component in the decision-making process. To create a unified consent on, and way of looking at how the businesses of the Group should approach risks and opportunities, the job of identifying and responding to the most significant risks is integrated into B&B TOOLS’ strategic and operative planning process. The job of developing the risk management is a continuing one and, as part of these efforts, an internal audit function has been established.

B&B TOOLS describes its risks from three perspectives: strategic risks associated with industry/market, operational risks related to how the Group conducts its business and financial risks linked to the types of transactions in which the Group is involved.