Corporate Governance

Annual Report 2012

Internal Audit & Risk Management

Description at main features of the company's internal audit and risk management system in relation to the procedure for preparing the financial statements.


Internal Audit
Internal audit is carried out by the Group Internal Audit Division, which is an independent department with its own written regulation, reporting to the Board of Directors’ Audit Committee. read more >

The system of internal controls and risk management
The Board of Directors is generally responsible for the Company and Group’s internal audit and risk management, and for evaluating their effectiveness each year. read more >

Risk management
Given the nature of its operations and its geographical diversification, the Group is de facto exposed to risks and uncertainties, the most important of which are outlined in the Section Risk and Uncertainties of the Board of Directors’ Annual more >