Risk Management

The goal of risk management is to identify risks that may hinder the group to achieve its business objectives. The responsibility for the company’s risk management lies with the CEO and the Executive Team. The Board of Directors and the committees approve and follow up the reporting procedures, and monitor the adequacy, appropriateness and effectiveness of the Group’s business and administrative processes.

Weekly and monthly financial reporting that covers the entire Group is used to monitor how well financial targets are being met. The reports include actual figures, plans and up-to-date forecasts.

The company has sought to manage the risks relating to its business operations by developing its operating processes and control systems. F-Secure’s risk management team is regularly monitoring and coordinating activities to mitigate threats.

F-Secure Corporation does not provide financing outside industry standard payment terms. Invoicing is mainly done in Euros. There is exchange rate risk with some currencies. In order to minimize the impact of the fluctuation of the exchange rates the goal is to hedge the estimated cash flow of these currencies.

The investment policy of the company for cash reserves is conservative. Cash is mainly invested in short-term funds and other low risk investments.

The company’s critical IT systems are reviewed externally to ensure their security. The company monitors systems internally as well.