Risk Management and Internal Control The aim of risk management and internal control is to ensure that NoHo Partners can manage its business as smoothly, efficiently and reliably as possible. Investors Corporate Governance Risk Management Investors Investors NoHo Partners as an investment Strategy Operating model Market environment CEO’s Review Profit guidanceReports and Presentations Other MaterialsShare information Major shareholders Management ownership Dividend Flagging notifications Consensus estimates Analysts Managers’ transactionsFinancial information Long-term financial targets Risks and uncertainties IFRS 16 liabilities Calculation FormulasCorporate Governance Annual General Meeting Board of Directors Board Committees Board authorisations CEO Executive Team Remuneration Risk Management Insider Administration Audit Articles of Association Code of ConductInvestor calendar and events Capital Markets Day 2024Investor services Disclosure Policy Risk Management NoHo Partners is exposed to numerous risks and opportunities, which may arise from its own operations or the changing operating environment in the short-term or long-term. The Company updates and reports the most significant near-term risks and uncertainties on a continuous basis in each Interim Report. NoHo Partners divides the risk factors influencing business operations and result into four main categories: market and operational risks, financial and financing risks, legal risks and risks related to the personnel. NoHo Partners strives to protect itself against other risks by taking out extensive insurance contracts. These include statutory insurance, liability and property insurance as well as ownership protection insurance policies. The scope of the insurances, values insured and excesses are checked annually together with the company’s insurance company. The Group’s risk management and market change anticipation constitute an integral part of the management’s everyday work in order to guarantee the continuity of the business operations. NoHo Partners carries out continuous risk mapping related to its operations and aims to protect itself from identified risk factors in the best possible way. Internal Control Internal control is an essential part of the company’s administration and management systems. NoHo Partners’ internal management and control procedures are based on the Limited Liability Companies Act, the Articles of Association and the internal policies of the company, and it covers all units and operations of the company. The company’s management and control are distributed between the Annual General Meeting, Board of Directors and CEO. Internal control refers to all the procedures, systems and methods that the company’s management employs to ensure efficient, economical and reliable operations. Among other things, internal control must evaluate the sufficiency and efficiency of the risk positions related to the company’s management and administrative systems, operations and data systems that apply to: the reliability and integrity of financial and operational data the profitability and efficiency of operations securing assets compliance with laws, orders and agreements. NoHo Partners Plc’s Board of Directors is responsible for organising the internal control. The Board of Directors has the highest responsibility of the company’s vision, strategic goals and the commercial goals set based on them. The Board of Directors also bears the highest responsibility for the supervision of the bookkeeping and financial management and the proper arrangement of operations. The Board of Directors approves the common guidelines for the entire internal control of the Group. The CEO is directly responsible for the implementation of the strategy and the corresponding investments, for ensuring that the bookkeeping is carried out as required by the law, and that the financial management has been organised in a reliable manner. Risk management and internal control roles and responsibilities are presented in more detail in the Annual Report under section Corporate Governance Statement.
