Bakkavör Group has a risk management framework in place which provides a structured and consistent process to identify, evaluate and manage risk in relation to the Group’s strategy and business objectives.
Our risk management processes are operational at all levels of the Group. The Bakkavör Group Board has the ultimate responsibility for risk management, which includes the risk governance structure and the maintenance of an appropriate internal control framework.
Board agenda
The five key areas are:
- Sustainable growth
- Operational safety
- Customer relationships
- Consumer understanding
- Shareholder value
The Board ensures that the Group has the necessary capabilities, expertise, processes and controls in place to manage risk in each of these areas. Further information on the Group’s risk management can be found in the Group’s Annual Report 2008.