At Systematic, we constantly strive to strengthen our position as a proactive and leading player in the IT market. We wish to create value for our customers and ourselves in everything we do, and we believe that innovation and learning are the means through which we can ensure this.
In our quest for innovation, we have found inspiration in the Danish corporate governance recommendations for listed companies. Despite the fact that we are a non-listed company, we wish to follow the recommendations that are of particular relevance for Systematic. We consider the recommendations to be a valuable tool by means of which we can strengthen our processes and ensure that Systematic remains a strong and trustworthy supplier of IT solutions.
One of the eight Danish corporate governance recommendations is concerned with risk management. We have chosen to focus especially on this recommendation at a strategic level by means of a risk strategy, thereby ensuring continuous identification and control of risks that can affect Systematic's strategy and strategic objectives.
Creating value for Systematic and our customers
We believe that risk management is a relevant and important concept and not just a temporary trend. Therefore, we will follow the recommendation concerning risk management to an increasing extent, as we believe that doing so will create value for both our customers and ourselves.
The objective of risk management is to counter and control risks in order to create value and a return - not to eliminate risks. We wish to hold a sensible risk willingness. This means that we have a clear understanding of the pain threshold as to the risks we face compared against our risk willingness. Consequently, we strive to increase our ability to control risks in general and define our key risks, which we must be able to counter in such a manner that our customers and Systematic avoid losses and surprises.
Risk management in projects
As a result of our CMMI certification, we have worked with risk management in the day-to-day process of project management for many years. For instance, we minimise risks by means of measurements and follow-up procedures in the projects, thereby ensuring that our customers receive what they ordered in the right quality and on time.