Like other companies, Strukton faces a range of commercial, operational and financial risks that are inherent in its operations. The company mitigates these risks through:

• its focused market approach
• flat organisational structure 
• strong emphasis on cooperation with clients and suppliers and among the Strukton companies.

Strategic risk management
Risks arising from the company’s strategy are systematically identified and addressed. To identify and eliminate duplications, inconsistencies and shortcomings in existing risk management activities and internal controls, use is made of the COSO framework (Committee of Sponsoring Organizations of the Treadway Commission).

The various risks were again analysed during the past year and the main ones were evaluated. The main business risks facing Strukton in relation to its agreed strategic objectives are:

• Safety
• Client procurement procedures
• Project management, execution and design risks
• Fixed prices
• Labour market and staff competences
• Credit crunch and recession
• Client wishes
• Capacity utilisation
• Internal control systems
• Risk management framework
• Code of conduct
• Regulations of the Group Management Board and power of representation
• Reporting structure

Conclusion
In the light of the systems described above, the frameworks put in place and the associated reporting structure, in our opinion the risk management and control system is adequate and operated correctly during the year. The Group Management Board is therefore of the opinion that the financial statements do not include any material inaccuracies. There are no indications at present that the risk management and control system will not operate correctly in 2010.