Ahlstrom’s focus on high performance materials and use of advanced technologies and processes increases the importance of actively managing issues related to competition law, intellectual property (IP) rights and contract management. Risk management actions aimed at mitigating these risks include, among others, continuous training, using standardized contract templates, and legal support in negotiating major contracts, as well as implementing Group-wide policies and guidelines. Contract management has been a continuing focus area in 2015, resulting in an increased coverage of written agreements with customers. Also training related to contract matters is planned.
In April 2015, Ahlstrom launched an externally maintained system known as SpeakUp for all employees to report anonymously unethical or unlawful behavior.
Ahlstrom’s short-term risks are described in the Short-term risks section. Financial risks and hedging principles are presented in the notes to the financial statements. Risk management is also reported on the company’s website at www.ahlstrom.com. Furthermore, the risk management process is described in the Corporate Governance Statement on the website.