Codan has outlined its commitment to robust corporate governance and risk management practices, as detailed in its latest announcement. The company has established an Audit and Risk Committee, which advises on the establishment and maintenance of a framework of internal control and appropriate ethical standards for the management of the Group.
Material actions and disclosures
The managing director and chief financial officer have provided assurance to the Board that Codan’s financial records have been properly maintained and that the financial reports are founded on a sound system of risk management and internal compliance and control, which implements the policies adopted by the Board and is operating effectively. This declaration includes stating that the financial reports present a true and fair view, in all material respects, of Codan’s financial condition and operational results and are in accordance with relevant accounting standards.
Processes are in place to verify the integrity of any periodic corporate reports released to the market that are not audited or reviewed by the external auditor. The Continuous Disclosure Committee meets regularly to consider Codan’s disclosure obligations, and announcements are prepared in accordance with Codan’s Continuous Disclosure Policy and released to the market following consideration and approval by the Board.
Forward commitments
Codan aims to continue its efforts to manage and mitigate material business risks, including those related to environmental and social sustainability. The company plans to regularly review all material business risks and ensure that appropriate risk treatment strategies and controls are developed and implemented.
Codan also intends to continue its commitment to diversity and inclusion, as outlined in its Group Diversity and Inclusion Policy. The company will continue to implement initiatives to strengthen belonging, inclusive leadership, and accountability across the Group.
Codan’s announcement reflects its ongoing commitment to maintaining high standards of corporate governance and risk management, as well as its dedication to fostering a diverse and inclusive workplace.