Annual Report 2023

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HUGO BOSS considers the responsible, systematic, and transparent handling of risks to be an essential component of good corporate governance. The risk management system anchored in the value-based Group management is designed to enable the Company to exploit business opportunities while at the same time identifying and assessing risks as early as possible and to manage risk positions by taking appropriate measures. Ensuring appropriate and effective risk management and risk controlling is of particular importance. The systems are continuously enhanced and adapted to changing conditions. Inherently, however, they cannot provide full protection against losses from business transactions or fraudulent acts. Risk Report