Like all business ventures, Renewable Energy Corporation ASA, and its subsidiaries are exposed to various economic, general industry, political and company specific risks. These risks may constrain the company’s operations and have an adverse effect on the financial performance.
REC has developed and implemented effective management and control systems for early recognition and assessment of risks. The audit committee will focus on the various risks that could negatively affect REC and monitor the management’s ability to plan and mitigate these risks.