Header - hero image Corporate Governance
Corporate Governance Statement
Reporting Period Jan. 1–Dec. 31, 2023

Internal Control Framework of the Company

Bittium’s internal control framework consists of:

  • the internal control, risk management and corporate governance policies and principles set by the Company´s Board of Directors;
  • management overseeing the implementation and application of the policies and principles;
  • finance function and business controllers monitoring the efficiency and effectiveness of the operations and reliability of the financial and management reporting;
  • enterprise risk management process identifying, assessing and mitigating risks threatening the realization of the Company´s objectives;
  • monitoring possible agreements and other legal acts between the Company and its related parties;
  • compliance procedures making sure that all applicable laws, regulations, internal policies and ethical values (including sustainability) are adhered to;
  • effective control environment at all organizational levels including control activities tailored for defined processes and creating group minimum requirements for product and service areas as well as for geographical areas;
  • shared ethical values and strong internal control culture among all employees; and
  • internal audit assignments reviewing the effectiveness of the internal controls as needed.