Internal Control System: 4-line model It is of great importance and an incentive to us to preserve our company for our employees and future generations. To ensure that we can go on doing so in the future, in order to remain a good partner to our business partners and maintain the continuity of our business, we make a conscious commitment to act in accordance with our principles as well as complying with applicable laws and regulations. Stability and reliability are central to our everyday business operations, as are legislative compliance, fair competition and the complete rejection of any form of corruption. Due to the size and international orientation of our business, we have expanded our Internal Control System and compliance structures going forwards. ➔ GRI 2-24, GRI 2-27 – Introduction of the Blum Integr it y Line at t wo additional production sites – Expansion of the compliance management system throughout the entire Blum Group – Currently in work are detailed guidelines on corruption prevention to supplement the Code of Conduct Governance Business processes and compliance Supervisory Board Executive Board and steering teams Integrated management system committee First line Second line Third line Fourth line Operations Day-to-day tasks completed as part of well organised functional processes. Management systems Systematic groupings of tasks, instruments and procedures to ensure the smooth running of the business and mitigation of potential risks. Internal audits Assessments and advisory support provided by internal company auditors to help specialist departments (1st and 2nd lines) achieve their targets. External audits Assessments conducted by external auditors in line with legislative requirements, official regulations or standards. Key points The Blum Code of Conduct... ...defines our ethical business practices. Process-specific integrated control mechanisms Independent monitoring 75
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