Report & accounts 2002 in full - Unilever
Report & accounts 2002 in full - Unilever
Report & accounts 2002 in full - Unilever
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
64 Statement of directors’ responsibilities<br />
<strong>Unilever</strong>’s system of risk management has been <strong>in</strong> place<br />
throughout <strong>2002</strong> and up to the date of this report, and<br />
complies with the recommendations of ’Internal Control –<br />
Guidance for Directors on the Comb<strong>in</strong>ed Code’, published<br />
by the Internal Control Work<strong>in</strong>g Party of the Institute of<br />
Chartered Accountants <strong>in</strong> England & Wales <strong>in</strong> September<br />
1999. The Boards have carried out an annual review of<br />
the effectiveness of the systems of risk management<br />
and <strong>in</strong>ternal control dur<strong>in</strong>g <strong>2002</strong>, and have ensured<br />
that the necessary actions have been taken to address<br />
any weaknesses or deficiencies aris<strong>in</strong>g out of that review.<br />
Based on an evaluation by the Board, which comprises the<br />
Chairmen, the F<strong>in</strong>ancial Director and the Group’s senior<br />
management, each Chairman and the F<strong>in</strong>ancial Director<br />
concluded that the design and operation of the Group’s<br />
disclosure controls and procedures as at 31 December <strong>2002</strong><br />
were reasonably effective and that subsequently there<br />
have been no significant changes <strong>in</strong> the Group’s <strong>in</strong>ternal<br />
controls or <strong>in</strong> other factors that could significantly affect<br />
those controls.<br />
It is <strong>Unilever</strong>’s policy to br<strong>in</strong>g acquired companies<br />
with<strong>in</strong> the Group’s governance procedures as soon as is<br />
practicable and, <strong>in</strong> any event, by the end of the first <strong>full</strong><br />
year of operation.<br />
<strong>Unilever</strong> Annual <strong>Report</strong> & Accounts and Form 20-F <strong>2002</strong>