Mobimo’s risk management must identify risks as soon as possible, evaluate them and achieve a sensible balance between risks and returns using appropriate measures.
The overarching risks are based on the corporate strategy. Mobimo defines risk as any event that could negatively impact the achievement of its objectives and existing business. The processes applied are subject to regular review based on risk management principles in order to take account of changes in market conditions and in the activities of the Group. The aim is to use existing training and management guidelines and optimal management processes to maintain a disciplined and constructive control environment in which all staff can fulfil their function and exercise their duties in the best way possible. Risk management is part of the processes of the integral management system.
Risk management process
The risk management process covers all activities for handling risks in the company on an ongoing and systematic basis. The following graphic illustrates the key steps of this process: identification, description, management, monitoring and controlling of various risk types. Further information on the risks to which Mobimo is exposed can be found in the notes to the consolidated financial statements.