W elle s tablished Management and Financial Model Securit as promotes mana g ement based on local responsibilit y in close pro ximit y to cus tomer s and emplo y ees The compan y s mana g ement model kno wn as the T oolbo x assis ts line mana g er s in all areas of their daily oper ations and ensures that Securit as v alues w ork methods mana g ement philosoph y and cus tomer per spectiv e are shared throug hout the or ganization Securit as T oolbo x mana g ement model has a methodical s tructure comprisin g se v er al w ell defned areas or tools that pro vide guidance for the compan y s mana g er s Each area of the model describes ho w Securit as mana g er s are to conduct themselv es in v arious aspects and s t a g es of the compan y s oper ations The model also describes the approach w e are e xpected to t ak e with re gar d to the mark et our cus tomer s and emplo y ees The T oolbo x ofer s pr actical support for mana g er s b y actin g as a guide at all le v els and is main t ained throug h continuous tr ainin g and discussion forums A k e y function of the T oolbo x is to con v e y our corpor ate culture and create a shared platform which is primarily symboliz ed b y a focus on Securi t as v alues Inte grit y V ig ilance and Helpfulness Decentr aliz ed or ganization and responsibilit y promote entrepreneur ship Securit as has a decentr aliz ed or ganizational model that focuses on appro ximately 1 800 br anch man a g er s who run the compan y s daily oper ations The compan y s cus tomer oferin g impro v es when deci sions are made in close pro ximit y to cus tomer s and the emplo y ees who per form the ser vices Our cus tomer s are entitled to be demandin g and to w ork with independent and s tron g local mana g er s with the rig ht e xpertise The br anch ofces are run b y qualifed mana g er s with consider able freedom to de v elop and conduct oper ations Each br anch has its o wn s t atement of income for which the y are fully responsible Incentiv e progr ams are used to further encour a g e per sonal dedication to the oper atin g and fnancial per formance of the compan y Securit as e xtensiv e decentr alization promotes a hig h de gree of per sonal entrepreneur ship Ho w e v er freedom also ent ails responsibilit y All Securit as emplo y ees are e xpected to assume responsibilit y for their cus tomer s and oper ations and our shared v alues R esponsibilit y is alw a ys about here and no w and not there and then R esponsibilit y is clarifed throug h the measurement and sys tematic e v aluation of results As part of our decentr aliz ed mana g ement w e are required to set and follo w up on s trict fnancial t ar g ets b y continuously measurin g and monitorin g the Group s per formance Financial control is not simply about implementin g controls it also func tions as an incentiv e for those emplo y ees who are in a position to per sonally infuence Securit as fnancial results A fnancial model that is easy to under s t and T o ensure that the compan y is able to implement its s tr ate g ies and to guide Securit as emplo y ees and or ganization in their eforts to achie v e their objectiv es the Group has es t ablished a fnancial fr amew ork that continuously measures the Group s per formance from the br anch ofces throug h to Group le v el This fnancial model mak es it possible to moni tor a number of simple and clear k e y fgures that can be under s tood b y all mana g er s The model helps mana g er s under s t and the connection bet w een risks and opportunities and ho w v arious factor s impact their areas of responsibilit y The model also helps us under s t and ho w w e can moni tor and control these factor s and see the direct link 48 Securit as Annual R eport 2012 G o v ernance and mana g ement M ana g ement and fnancial control