ourexpertise - Crédit Agricole CIB

CORPORATE GOVERNANCE 2Half-yearly formal follow-ups are carried out by internal auditteams on audits carried out by internal and external internalcontrol bodies (supervisory authorities or audit fi rms). For eachrecommendation made as a result of an audit, this system ensuresthat the planned remedial action is taken in accordancewith a predetermined timetable, established according to priority.The results of recommendation follow-up are presented to theInternal Control Committee of Crédit Agricole CIB. If needed, thisprocess leads the Group Internal Auditor to exercise his alert dutyvis-à-vis the Board of Directors as provided for in CRBF regulation97-02 as amended.In addition, representatives from Internal Audit regularly attendlocal internal control committee meetings. These committeesdeal with permanent controls, implementation of the enhancedcompliance control program, completed audit assignments, andAudit’s monitoring of recommendations made by Group InternalAudit and the supervisory authorities.Lastly, Crédit Agricole CIB Internal Audit reports to the AuditCommittee on periodic control activities on a regular basis. Morespecifi cally, it reports on the completion of the recommendationswith the deadlines arising from internal and external audits. It alsosubmits Internal Audit’s annual audit plan._____In accordance with organisational arrangements shared withCrédit Agricole Group entities, described above, and witharrangements and procedures within Crédit Agricole CIB, theBoard of Directors, the Executive Management and CréditAgricole CIB’s relevant units are given detailed information aboutinternal control and risk exposure, progress in these areas andthe implementation of remedial measures, as part of an ongoingimprovement approach. This information is contained in theannual report on internal control, risk measurement and risksupervision, but also in regular reporting documents coveringbusiness activities, risk and control.The Chairman of the Board of Directors,SHELF-REGISTRATION DOCUMENT CRÉDIT AGRICOLE CIB 2010 55