Management of the FP Group
From 1st December 2008, the FP Group has been managed by a two-man Management Board, in turn monitored and advised by a three-man Supervisory Board. The Company applies a group-wide reporting and strategic corporate planning system throughout to control operations. The Group is run based on a three-year corporate strategy model, updated annually following comprehensive budgeting, but which can be fine-tuned during the course of the year as necessary.
As part of the group-wide reporting process, all subsidiaries report their monthly sales, earnings and balance sheet figures. These figures are consolidated into the published quarterly interim reports and annual report for the Group. Subsidiaries also make a monthly assessment of current and probable business developments.
