Risks
Risk management in the Gorenje Group
- In 2011, the Gorenje Group continued risk management per individual division: Home Appliances Division, Home Interior Division and Ecology, Energy and Services Division.
- Each division consists of three boards: board of business risks, board of financial risks and board of operating risks. The risk management council of the Group thus consists of nine boards.
- In 2012, the formation of the risk management council will be adjusted to the new organisational structure of the Gorenje Group in accordance with its strategy by the year 2015.
- At the level of individual board activities, the detection and assessment of individual risks to which the Gorenje Group is exposed, have been performed.
- The risks detected were valued by the size of impact on the budgeted result and the estimate of frequency or probability of the impact.
- Risk assessment enabled the Group to prepare measures to achieve budgeted results, in the year 2012, that are within the maximum acceptable level of risk.
- The complexity of individual risks and their mutual effects were analysed in the final meeting of the risk management council.
- The last stage of risk management is marked by the confirmation of measures for their control on the basis of the assessed effects and estimated costs of measures.
- The risk management council directed and co-ordinated the activities of risk protection and risk reduction to an acceptable level.
- Individual risks were joined in groups and put on the strategic map relating to the potential size and probability of damage.
- The assessed risks represented the basis for the plan of audit reviews and the audit of the internal control system.
- The efficiency of the adopted risk control plan will be analysed at the end of each quarter in the year 2012.
Risk management in the Home Appliances Division (HA)
