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Corporate governance
Internal control
The supervision and guidance system is completed by a letter of
It initiates any corrective actions necessary to rectify an identified
affirmation on internal control and risk management system signed by
malfunction and to maintain a situation within the limits of acceptable
the country executive director and the, confirming their appropriation risk. It ensures that these actions are successfully implemented.
of and responsibility for internal control and risk management in terms
Group General management performs its duties, in relation to the
of reporting and correcting deficiencies.
internal control and risk management system, which also include
Group general management supervises the internal control and risk defining the roles and responsibilities in that regard in the Group.
management system in particular through the minutes of meetings of
Group general management has created the following structure:
the following bodies and departments:
the
Group finance department
is responsible for:
●
the Ethics Committee;
●
maintaining the reliability of financial and accounting
●
the Group Investment Committee;
●
information,
the IT Request management Committee;
●
controlling accounting and financial risks,
●
financial committees that guide the Group’s financial policy;
●
measuring Group performance and budget control,
●
the Information systems governance department;
●
following Group investment procedures;
●
the Group internal audit department;
●
the
Group legal department
is responsible for:
●
the Group risks & compliance department;
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the governance policy for legal services,
●
any other
ad hoc
committee meeting convened according to the
●
establishing the governance policy of Group subsidiaries,
●
needs identified by general management.
managing the Group’s legal risks;
●
Lastly, the performance of the internal control supervision and
the
Group risks & compliance department
is responsible for:
●
guidance system for accounting and financial risks is presented
identifying, analysing, evaluating and treating risks within the
●
regularly to the Accounts Committee.
Group, in support of the country executive directors,
F. Internal dissemination of information
managing risks associated with the safety and security of property
●
and people,
The Group ensures that relevant and reliable information is
leading the Group ethics system,
●
disseminated and conveyed to the individuals concerned so that they
coordinating the Group crisis-management system;
●
can perform their duties in accordance with Group standards and
procedures.
the
Group property department
is responsible for:
●
the GroupOnline intranet provides employees with a number of
●
establishing the Group’s property policy,
●
practical tools, including information on the primary standards and
managing risks relating to building security;
●
procedures with which they must comply;
the
Group quality department
is responsible for:
●
the Group regulatory framework has been communicated to all
●
establishing product quality, health and safety policy within the
●
country executive directors responsible for disseminating it;
Group,
procedures setting out best practices and the information reporting
●
managing product safety risks,
●
process are also communicated to the various countries by the
coordinating crisis management relating to product safety risks;
●
Group’s main departments;
the
Group human resources department
is responsible for:
●
the Group’s accounting policy is sent to every financial director at
●
the end of each quarter.
establishing human resources management policy within the
●
Group that permit to:
Similarly, the countries make sure to relay relevant, reliable
information to the individuals concerned so that they can perform their
ensures the proper availability level of resources, suitable for
●
duties in accordance with Group standards and procedures.
current and future business requirements,
Entities and individuals involved
3.6.1.2
monitors employees’ career development and commitment,
●
ensures high-quality industrial relations,
●
in internal control and risk
defines the framework for the remuneration policy and
●
management system
corporate benefits and guides the associated commitments,
helps to create a culture of collective development and
●
A. At Group level
performance,
coordinating social risk management;
●
Group general management
is responsible for the internal control and
risk management system. It is also tasked with designing,
implementing and supervising the internal control and risk
management systems suited to the size of the Group, its activity and
its organization.
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