Sound corporate governance and control supports stable growth

Good governance and control supports stable growth
Betsson has developed strongly in recent years. One contributing factor to this powerful, profitable development has been a good balance between ambition and the maintenance of detailed control. For our part, good corporate governance means preserving a dynamic, hungry company culture in which individuals are rewarded and appreciated for their efforts and where risks are managed on a sound commercial basis. A gaming company that provides players with fast, secure payment has a clear competitive advantage as this contributes to, and strengthens, confidence in the company. This is one good example of how quality internal control improves commercial preconditions for a gaming company.

At Betsson, good order in decision-making processes, clarity in areas of responsibility and accountability have always been vital to our success. In recent years, Betsson has intensified its efforts to scrutinise, update and coordinate reporting and control procedures on which to base decision making in group legal and operational areas. We have placed particular emphasis on identifying and evaluating the most significant risks in routines and worked hard on controls aimed at managing these risks. This is a continuous element of our daily work. Improved governance and control in the gaming field facilitates good business and is a competitive tool in the capital market, as well as strengthening the industry’s position in the eyes of the public.

John Wattin
Board chairman until 30 June 2011

Betsson applies the Swedish Code of Corporate Governance, a body of regulations based on the framework of internal control issued by the Committee of the Sponsoring Organizations of the Treadway Commission (COSO). More information is available in our Annual Report.