HUGO BOSS considers the responsible handling of risks to be an essential component of good corporate governance. The risk management system anchored in the value-based Group management is designed to enable the Company to identify and assess risks at an early stage and to manage risk positions by taking appropriate measures. Ensuring appropriate and effective risk management and risk controlling is of particular importance. The systems are continuously enhanced and adapted to changing conditions. Inherently, however, they cannot provide full protection against losses from business transactions or fraudulent acts.
Details on this topic may be found in the Risk Report of our Annual Report 2022.