Activities in focus 2011
In 2011, the ERM process will be developed through the introduction of an approach aimed at systematically identifying risks. This will enable risks to be continuously monitored in line with the current procedures applied to risks relating to financial reporting. The ERM process will thus become more integrated in business operations and changes in the risk situation can be tracked over time. Implementation will be conducted by Group Internal Control and Group Risk Management.
Based on the completed Group-wide risk program, the Trelleborg Group management and Board of Directors decided to continue work on the ten prioritized risk areas.
- implementation of the action plans drawn up for sites to significantly raise security levels.
- combating corruption and review of Group-wide structures, including consideration of the new UK Bribery Act.
- risk management processes for products and applications in environments with elevated risk levels.
Read more about Trelleborg's prioritized risk areas in Annual Report 2010