Internal control
The Company has not established a separate function for Internal Control. This task is performed by the Board of Directors. An efficient Board work is therefore the foundation for good internal control. Troax Board of Directors have therefore established rules of procedure and instructions for their Board work.
At Group level, each CEO of a legal entity together with the Group finance department and CFO are responsible for ensuring that necessary control is performed along with adequate monitoring. The internal control comprises the control of the Company´s and Group´s financial reports are prepared in accordance with law and applicable accounting standards and that other requirements are complied with. The internal control system is also intended to monitor compliance with the Company´s and Group´s policies, principles and instructions. In addition, the Company´s assets and related securities and that the Company´s resources are exploited in a cost-effective and adequate manner are monitored. Internal control also involves following up on the implemented information and business system and through risk analyses.