Table of contents
Company Information
Schréder has an Enterprise Risk Management system in place that is supported by the management team and overseen by the Audit Committee. It focuses on six categories of risk: • Strategic • Operational • Legal and Compliance • Human Resources • Digital • Financial A number of functional experts have been appointed to oversee the various categories of business risk. They meet quarterly to identify and assess risks, and to decide on mitigation measures for the most significant ones. The management team and the Audit Committee work continuously to improve the enterprise risk management framework and implement appropriate responses to risk. Risk management is a core component of Schréder’s governance strategy and performance management process. The Board of Directors takes risk appetite into account when making decisions. The Group’s internal audit department coordinates the risk management programme and reports to both the CEO and the Audit Committee. To complement risk management, the Internal Audit department carries out audits based on a plan approved by the Audit Committee, ensuring full compliance with our ethics and standards worldwide. Each year, internal audits are conducted across 30% of our organisation, with the entire organisation covered on a 3-year cycle. Any concerns and recommendations rising from these audits are discussed with senior management and the Audit Committee at least four times a year, with the aim of continuously improving the level of internal control within the company. 2. Risk Management and Internal Audit
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