Head of Human Resources wins HR Director of the ... - BNP Paribas

Each core business auditor and Group function
auditor works in close collaboration with the
General Inspection unit to develop the audit
structure that best addresses the specific issues
facing the core business or function, within the
overall framework of Group organisational rules.
In accordance with the principles laid down in
the Internal Audit Charter, core business auditors
record and monitor recommendations made as a
result of their work. They also monitor
implementation of recommendations issued by
the General Inspection unit.
Human resources
As of 31 December 2003, the BNP Paribas Group
had a total of 846 full time equivalent employees
in the Internal Audit and General Inspection
functions, 296 in the Ethics and Compliance
function, and 773 in the Group Risk Management
function as a whole, including 57 in the
Operational Risk function.
III - Limitation on the powers of
the executive officer
The Chief Executive Officer has the broadest
powers to act in all circumstances in the name
of BNP Paribas and to represent the Bank in its
dealings with third parties. He exercises these
powers within the limits of the corporate
purpose, and subject to those powers expressly
reserved by law for shareholder meetings and
for the Board of Directors.
Within the Group, the internal rules of the Board
of Directors require the Chief Executive Officer
to submit to the Board for prior approval
any investment decision of more than
EUR 250 million, and any proposed acquisition or
divestment of equity interests of more than
EUR 250 million.
IV - Accounting and financial
information
Internal control procedures relating to the
preparation and processing of accounting and
financial information
The preparation and processing of accounting
and financial information are the responsibility
of the Group Finance-Development function,
whose roles include:
• production and quality control of financial
statements;
• production and quality control of management
reports, and provision of forecast figures for
strategic management purposes;
• control over the Group’s financial information
systems.
These roles are performed at a number of levels:
at Group level by the Group Finance-Development
function, at core business level by the core
business Finance function, and within each entity.
The heads of finance of the core businesses and
of the main entities have operational lines of
reporting to the Group Head of Finance.
The accounting policies and rules applied by Group
entities in preparing accounting information are
drafted and updated by the central Group General
Accounting Department. The central Management
Control Department draws up management control
rules that apply to all the Group’s business lines.
These rules can be accessed in real time via
the Group Intranet.