Annual Report Samas NV 2008 2009 Annual ... - Alle jaarverslagen

S a m a s2 0 0 82 0 0 9Internal risk management andcontrol systemsSamas’ Executive Board is responsible for ensuringthat the design and operation of the Group’s internalrisk management and control systems are bothappropriate and effective.The objective of these systems is to manage, ratherthan eliminate, the risk of failure to achieve businessobjectives. Accordingly, they can only provide reasonable,but not absolute, assurance against materialmisstatement or loss.As required by best practice provision II.1.5 of theDutch Corporate Governance Code and on the basisof the above and the explanations contained in theRisk management and risk control section in thisannual report on page 10, the Executive Boardbelieves the internal risk management and controlsystems provide reasonable assurance that thefinancial statements do not contain any materialinaccuracies. In the financial year 2009/2009, Samas’risk management and control systems functionedeffectively.24Statement of the Executive BoardIn accordance with Article 5:25c of the FinancialSupervision Act (Wet op het financieel toezicht),the Executive Board declares to the best of its knowledgethat the financial statements of the financialyear 2008/2009 give a true and fair view of the assets,liabilities, financial position and results of Samas N.V.and the companies jointly included in the consolidation.The annual report includes a fair review of thesituation on the balance sheet date, the developmentsduring Samas N.V.’s financial year under reviewand its related companies whose details have beenincluded in its 2008/2009 financial statements.The 2008/2009 Annual Report describes all materialrisks to which Samas N.V. is exposed.Executive BoardCarl-Christoph Held, CEOHouten, 29 July 2009