The OECD’s tax avoidance project (BEPS = base erosion and profit shifting) can potentially cause additional administrative burden for the Company. The Company has strengthened its tax and legal resources to comply with potential new regulations and related implementation guidance.
Ahlstrom’s focus on high performance materials and use of advanced technologies and processes increases the importance of actively managing competition law, intellectual property rights and contract compliance. Risk management actions aimed at mitigating these risks include, among others, continuous training, using standardized contract templates and legal support in negotiating major contracts and implementing Group-wide policies and guidelines.
Ahlstrom has an externally maintained system known as SpeakUp for all employees to report anonymously unethical or unlawful behavior.
Updated: February 2017