Risk Management

The leading principle of Netum’s risk management is continuous, systematic, and preventive action to identify risks, define an acceptable risk level, evaluate and manage risks, and, in the event of realised risks, efficiently mitigate them.

Netum Group Plc’s Board of Directors confirms the risk management principles and evaluates the adequacy and appropriateness of risk management. The CEO retains overall responsibility for the Group’s risk management and organising it. Internal control of the Group is implemented by the Board of Directors together with the CEO. The company has an internal control reporting system that produces information on the Group’s businesses and subsidiaries.

The Group does not have a separately arranged internal audit, as it has not been deemed necessary considering the scope of its operations. Internal audit is based on procedures and reporting carried out at different levels within the Group companies.

Netum has a certified Information Security Management System (TTHJ) and a national corporate security clearance certificate, both of which indicate continuous investment in the secure development of operating methods and systems. Into Certification audits the company’s information security and risk management annually.

Read more about Netum’s most significant risks in the latest Annual Report.