Auditing

The General Annual Meeting shall appoint the Auditor and define the compensation of Auditors. The Company shall have at least one Auditor who shall be an auditing entity approved by the Finnish Central Chamber of Commerce. According to the current rules on auditing, the Auditor shall, in addition to performing all defined duties, report to the Board of Directors of Tiimari Plc.

Insider Rules

Tiimari Plc shall apply the insider guidelines and regulations of the Helsinki Stock Exchange as well as its own insider guidelines. The insider trading restriction for the Company stock shall be 14 days prior to the publication of financial statements bulletins and other similar releases. The public Insider Register is available through the NetSire system of the Finnish Central Securities Depository Ltd.

Risk Management

Tiimari Group's internal control shall be implemented according to the procedures approved by the Board of Directors. The procedures are based on the Group's internal reporting process and the Board-approved annual auditing plan.

The realization of financial objectives is monitored through a group-wide financial reporting system. The reports include information on the achieved objectives, plans as well as up-to-date forecasts for the current year.

Tiimari Group shall make every effort to minimise financial risks, such as interest and currency risks related to unfavourable fluctuations of the financial market, and to thus secure the Group's development and financial position. The financing risks shall be managed by the Group's financial department.

Business risks related to property, termination of operations and liabilities have been observed with appropriate insurances.

The Company's internal auditing shall be purchased from an auditing entity selected by the Board of Directors. The auditing entity shall be approved by the Finnish Central Chamber of Commerce. Internal audit reports shall be submitted to the Board of Directors and the Management Group.

Internal Control

The internal control shall be governed by the Company's Board of Directors. The Company's business operations are controlled by appropriate calculation and information systems.

Internal control is a part of the business operations management. Internal control is implemented to ensure the realization of defined operational goals and objectives. Internal control is performed according to the decisions of the Board of Directors.

Internal control shall assess:

regulatory compliance and appropriateness of internal control systems and risk management activities
efficiency and economy of resource utilisation
reliability of information used for management activities and in decision-making.

The internal control aims to promote the development of the Company's risk management.