2007 - April
2007 - April
2007 - April
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3.0<br />
Chairman of the Board of Directors’ report<br />
More specifically, they present the missions carried out in<br />
Group companies, the issues raised, the recommendations<br />
made and the follow-up on these recommendations. The<br />
Sustainable Development Committee validates the audit<br />
plan. The Sustainable Development Committee proposed<br />
by the Group Committee, and may ask for internal audit<br />
assignments to be added to the audit plan.<br />
2.2.2. Integrated process for identifying and analyzing<br />
the main risks<br />
The integrated risk management process is overseen by the<br />
Risk manager.<br />
Risk management notably involves moves to provide Group<br />
companies with a methodology and tools for the management<br />
of financial, legal, operational and strategic risks including<br />
the risk mapping process. The risk manager helps draw up<br />
and implement these tools with the heads of the companies<br />
concerned and the internal audit manager.<br />
He also reviews the findings and recommendations set out<br />
by the internal audit manager in connection with their audit<br />
assignments and the assignments carried out by other players,<br />
including financial controllers, Statutory Auditors, consultants,<br />
etc. Within this framework, either directly or through the<br />
internal audit manager, he informs the Group Committee and<br />
reports to the Sustainable Development Committee.<br />
Based on the conclusions from the mappings for each company,<br />
for each division and the compilation of all the mappings for<br />
the year formalized in the “<strong>2007</strong> Risk Observatory”, the Risk<br />
manager then prioritizes the risks identified in this way and<br />
directs, through a partnership with the internal audit manager,<br />
the audit assignments and internal control projects to be<br />
carried out in line with the risk management strategy decided<br />
on by the Group or its companies.<br />
Mediumterm<br />
plan<br />
Strategic Committee<br />
The risk manager is also responsible for the coordination and<br />
monitoring of the insurance programs set up at Group level.<br />
2.2.3. Control activities<br />
Internal audit<br />
The APRIL GROUP’s internal audit manager coordinates internal<br />
audit activities within the Group.<br />
Audit assignments are carried out by the holding company<br />
alone or in conjunction with various members of staff, who<br />
may or may not be members of the APRIL Group’s risk division.<br />
Over <strong>2007</strong>, 15 other employees (financial controllers, IT<br />
professionals, HR) participated as technical experts in the<br />
various internal audit assignments.<br />
The identification of risks represents a key stage in securing<br />
operational processes and financial flows within Group companies.<br />
Based on their medium-term plan (MTP) and their knowledge<br />
of the internal and external risks for their organization, each<br />
company business division formalizes its risk mapping.<br />
In light of this information, they draw up a list of internal<br />
control projects, which are covered in action plans that<br />
are monitored at least once a year during June’s Strategic<br />
Committee sessions.<br />
The Risk Manager identifies any new financial and operational<br />
risks based on these risk mappings, as well as the information<br />
available or his exchanges with risk or insurance professionals,<br />
and with members of the Sustainable Development Committee.<br />
Risk mapping<br />
- Identification<br />
- Evaluation<br />
- Prioritization<br />
Operational feedback<br />
& updating<br />
- Mapping<br />
- Internal control system<br />
Internal<br />
control<br />
& governance<br />
system<br />
Internal control<br />
projects/action plans<br />
On major risks (rolling out<br />
the system)<br />
Audit of risk<br />
management systems<br />
Audit plan<br />
- Group<br />
- Divisions<br />
Internal control<br />
projects<br />
- Cross-business<br />
- Divisions<br />
85<br />
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