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This website and the information contained herein are not intended for, and must not be accessed by, or distributed or disseminated to, persons resident or physically present in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Singapore, and do not constitute an offer to sell or the solicitation of an offer to buy or acquire, any shares, rights or other securities of the Company in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa, Singapore or any other country in which it would be contrary to the laws and regulations of that country.

These materials are not an offer for sale of securities in the United States. The shares, rights or other securities of the Company referred to on this website have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration thereunder.

Access to the information and documents contained on the following websites may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents. All persons residing outside of the United States, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or Singapore who wish to have access to the documents contained on this website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this website, or require registration or approval for any acquisition of securities by them. The Company assumes no responsibility if there is a violation of applicable law or regulations by any person.

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Risk management

Risk management and internal control

The aim of risk management is to ensure the keeping of customer promises, profit development, the ability to pay dividends, shareholder value, responsible operating practices and the continuity of business. Kamux has harmonised and efficient methods to identify, assess and manage risks and their consequences.

Kamux complies with the internal control and risk management principles approved by the company’s Board of Directors.
Risk management is a systematic activity, the purpose of which is to guarantee comprehensive and appropriate identification, assessment, management and monitoring of risks. It is an essential part of Kamux’s planning and management process, decision-making, daily leadership, operations and supervision and reporting procedures. Risks are assessed and managed in a business-oriented fashion and comprehensively. This means that the key risks are identified, assessed, managed, monitored and reported on systematically as part of business.

The Group’s CEO and other members of the Management Team are each responsible for their own areas. The Management Team regularly reports to the Board of Directors about risks and management measures. The Board of Directors processes the most significant risks and measures to manage them, and assesses the effectiveness and efficiency of risk management. The CFO is responsible for coordinating risk management.

Internal control

The objective of internal control in Kamux is to ensure that business operations are efficient and profitable, financial reporting is reliable, and applicable laws and regulation for the company’s business, as well as the company’s internal instructions, are followed. The specific objective of the internal control over financial reporting is to ensure that interim reports, half-yearly reports, financial statement bulletins and other financial reporting as well as financial statements and annual reports are reliable and are prepared in accordance with the accounting and reporting principles adopted by the company. The Board of Directors of the Company is responsible, in accordance with its rules of procedure, for monitoring the process of financial reporting and the effectiveness of the company’s internal control and risk management system.

The CEO is operationally responsible for the organisation of internal control. This includes ensuring that the company has implemented adequate internal control mechanisms as stipulated in the operating principles defined by the board. The CEO, supported by the Management Team, is responsible for ensuring that the group operates in accordance with the agreed principles, follows laws and regulations, and reacts to identified exceptions and takes adequate corrective actions.

As part of the listing process, Kamux has developed internal control of the preparation of the financial statements and financial reporting processes. This initiative has consisted of assessment of essential risks relating to the financial statements and financial reporting process, and identification and documentation of the key control points for related processes in a consistent documentation model. In connection with this process, a responsible person has been defined for each control point, and the adequacy of the control design has been evaluated. Depending on the process, the control points are e.g. reconciliations, analyses, approvals and authorisations, segregation of duties, and system access management. Development of internal control continues throughout the year and includes the design of the monitoring process of the controls’ effectiveness, and assessments to review that the control environment has been implemented in all Kamux operating countries.

Kamux’s board has assessed that due to the nature of the company’s operations, number of employees and geographical scope, it is not necessary to organise internal audit as a separate function. The board shall evaluate on a yearly basis whether such function should be established. The board may use either internal or external resources to carry out specific internal audit assignments.

Code of Conduct

Kamux has documented the common operating principles as a Code of Conduct, which is available in Finnish, Swedish, German and English. The Code of Conduct is part of preparatory risk management.


People employed by the company have the possibility to report suspected infringement of rules and regulations (whistleblowing) through an independent, anonymous Kamux Reporting Channel (( or by email to