AAK Annual Report 2019

119 procedures, which are used by those responsible at each level. The procedures include follow-up of results against budgets and plans, analyses and key figures. The Board receives monthly reports about the Group’s financial position and development. The Company’s financial situation is discussed at each Board meeting, and the management team analyzes the financial reporting at detailed level on a monthly basis. At Audit Committee meetings, the Committee follows up the financial reporting and receives reports from the auditors about their observations. Policy documents AAK has a number of policies for the operations of the Group and its employees. These include: Ethics policy Ethical guidelines for the Group have been drawn up with the aim of clarifying the Group’s fundamental approach to ethical issues, both within the Group and externally with regard to customers and suppliers. Finance policy The Group’s finance function works in accordance with instructions adopted by the Board, which provide a framework for how the Group’s operations shall be financed, and for how, for example, currency and interest risks are to be handled. Communication policy The Group’s communication policy is a document describing the Group’s general principles for the publi- cation of information. Environmental policy The Group’s environmental policy provides guidelines for environmental work within the Group.