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procedures, which are used by those responsible at
each level. The procedures include follow-up of results
against budgets and plans, analyses and key figures.
The Board receives monthly reports about the Group’s
financial position and development. The Company’s
financial situation is discussed at each Board meeting,
and the management team analyzes the financial
reporting at detailed level on a monthly basis.
At Audit Committee meetings, the Committee follows
up the financial reporting and receives reports from the
auditors about their observations.
Policy documents
AAK has a number of policies for the operations of the
Group and its employees. These include:
Ethics policy
Ethical guidelines for the Group have been drawn
up with the aim of clarifying the Group’s fundamental
approach to ethical issues, both within the Group and
externally with regard to customers and suppliers.
Finance policy
The Group’s finance function works in accordance
with instructions adopted by the Board, which provide
a framework for how the Group’s operations shall
be financed, and for how, for example, currency and
interest risks are to be handled.
Communication policy
The Group’s communication policy is a document
describing the Group’s general principles for the publication
of information.
Environmental policy
The Group’s environmental policy provides guidelines
for environmental work within the Group.