Document de référence (English version) - Sequana

352 Industrial and environmental risks53 Business-related risks53 Commodity price and energy risks53 Country risk53 Financial risks53 Market risk53 Foreign exchange risk53 Interest rate risk54 Liquidity risk54 Equity price risk54 Credit risk354 Legal risks54 Specific regulations55 Links with or dependence on other parties56 Claims and litigation56 Insurance coverage57 Internal control procedures57 Report of the Chairman of the Board of Directors on internal control procedures61 Statutory Auditors’ report, prepared in accordance with Article L. 225-235 of theFrench Commercial Code, on the report prepared by the Chairman of the Boardof Directors of SequanaSequana 51 2009 Document de Référence (English version)