The Group’s internal control system is overseen by the Internal Control Department, which reports to the Audit, Control and Risk Management Division. In line with the EU’s Eighth Directive (transposed into French law on December 8, 2008) and the AMF’s July 2010 recommendations, the Board’s Audit Committee is responsible for monitoring the effectiveness of internal control and risk management systems. For financial controls, the Accounting and Management Control Divisions play a particularly important role in evaluating these systems. Our approach is anchored in clear values and principles that guide all our actions and behavior.
Our rigorous
and tested methods
Group Internal Control designs the methodology, the tools required for its implementation and an annual work program that charts the course. It oversees the roll-out of the system and ensures its effectiveness with all managers.
To achieve this, Group Internal Control works with the leaders of the Governance Committees, the support functions responsible for the control environment and the Internal Control Departments of the operational entities.
It also monitors the results of work carried out across the Group to ensure the required quality level.
Internal control is a key element of our governance framework. It enables us to effectively identify and manage our risks to ensure the sustainability of the Group, while also meeting growing demands for transparency.
Our rigorous
and tested methods
Internal control is a key element of our governance framework. It enables us to effectively identify and manage our risks to ensure the sustainability of the Group, while also meeting growing demands for transparency.
Group Internal Control designs the methodology, the tools required for its implementation and an annual work program that charts the course. It oversees the roll-out of the system and ensures its effectiveness with all managers. To achieve this, Group Internal Control works with the leaders of the Governance Committees, the support functions responsible for the control environment and the Internal Control Departments of the operational entities. It also monitors the results of work carried out across the Group to ensure the required quality level.
Drawing on their knowledge of day-to-day operations, our local internal control departments provide guidance to operational managers within their entities. Their mission is to help structure and maintain a control system that meets both the specific needs of each entity and the Group’s requirements. Within their entity, these teams apply the directives issued by Group Internal Control and ensure the system functions properly at their level. They are responsible for applying the methodology, providing training, supporting operational teams and tracking progress on action plans.
