Risk Report 2009

One of the fundamental management tasks is to establish and operate an effective internal control system (ICS) and a risk management system (RMS) in accordance with applicable corporate governance requirements and best practice principles.

Like many other companies, Pfleiderer too is exposed to a large number of risks connected with entrepreneurial activities. The uncertainties and continual changes in various laws and regulations that apply to Pfleiderer AG are counteracted by means of a Group-wide uniform system of control and risk management and the internal auditing process. These instruments are regularly further developed and adapted to changing conditions.

As part of the existing process, the Executive Board and the Supervisory Board are regularly informed about the risks that could significantly influence the business development of the business units or of the Group.

To read the complete Risk Report 2009, please click here.