We build business networks and relationships ... - skupina kd group

The members of the Management Board and the
Supervisory Board currently hold no stock options in
KD Holding.
In 2007, we conducted an external assessment of
the quality of operations of the KD Holding Group’s
largest internal audit department, in accordance with
international standards for the professional practice of
internal auditing. The external assessor (the auditing
firm KPMG) issued the opinion that the internal audit
department, in all material aspects, operates costeffectively,
efficiently and successfully in accordance
with all standards for the professional practice of
internal auditing, the code of professional ethics for
internal auditors and principles of internal auditing.
Auditing and the internal control system
Transparency of the company’s operations
The financial statements of KD Holding Group for
2007 were audited by the independent auditors
PriceWaterhouseCoopers d. o. o. The certified
auditor issued an unqualified opinion on the annual
reports of the Group for 2007.
Transparency of operations is provided primarily by
keeping shareholders and the general public informed,
namely by providing regular bulletins and information
about particular events. Information regarding
operations, business plans and other important
At its inception, KD Holding established an internal
control system to protect the company’s assets and
reputation. In 2006, the company introduced an
activities is published on the company’s website
at www.kd-group.com and on the Ljubljana Stock
Exchange’s SEOnet website at http://seonet.ljse.si.
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internal audit department at the parent company to
contribute to the generation of added value and to
improve the operations of the entire Group.
At the beginning of 2007, the KD Holding Group
adopted a strategy for the functioning of the internal audit
department, as well as uniform rules on the planning
and reporting of the internal audit department. We thus
established uniform bases for the collective development
of internal auditing activities and improved the oversight
of risk management within the Group.
Management of associated companies
Associated companies are actively managed via the
parent company’s representatives on their supervisory
boards. The policy for managing newly established
companies in new markets involves partnership
between experienced senior staff from the Group and
expert senior staff familiar with the local environment.