annual financial statement 2011 - conwert Immobilien Invest SE

Annual Financial Report 2011
Risk treatment covers both preventative and reactive measures including ad hoc measures,
which are taken in the case of suddenly occurring new risks.
Risk communication serves for the structured collection, presentation and disclosure of
information in the form of the reporting system by the defined risk owners to the group
management.
The implementation of risk management and of the measures defined in the risk
management process is supervised as part of the ongoing monitoring. Monitoring also
covers a regular review of the functionality of the entire risk management system.
Risk management is conducted based on function and on the structure of the group, both
centrally by managers (risk owners) in the areas of group management and administration,
and decentrally by the regional managements in Germany, Austria and the other regions.
The risk owners meet regularly (quarterly) as the Risk Management Board at the Risk-Jour-
Fixe, where the main identified risks are dealt with and the monitoring is conducted if it falls
under the competence of the risk owners. The administration and coordination of the entire
risk management is carried out by the centralised management area “Controlling, Risk
Management and ICS”, which falls under the scope of responsibility of the CFO. Risk
management as such is the responsibility of the entire Executive Board, which reports to the
Administrative Board on a regular basis.
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