2021 Universal Registration Document

2 RISK FACTORS AND INTERNAL CONTROL Risk factors

1.3.4. RISKS RELATED TO REGULATORY REQUIREMENTS

COMPLIANCE ❙

Risk description The Group is a multinational company that operates in many countries, serving customers with international presences, subject to various constantly changing laws and regulations. These may be regulations concerning data protection, anticorruption laws, competition law, international sanctions, employment law or employee health and safety obligations, environmental regulations within the framework of combating climate change, and even tax reforms. The Group’s activities and operating profit might be affected by significant changes in laws or regulations, or by decisions taken by authorities. The Group is also exposed to the risk of breaches of regulations by employees who are not well enough informed or negligence or fraud by such employees. Risk management measures In order to support the Group’s development and respond to new legislation and case law are monitored on a regular basis so as to regulatory requirements, the Internal Control Department, which plan ahead for any upcoming changes. Internal control rules and covers compliance, internal control and risk management, is procedures are updated regularly to reflect these developments. The supported in part by the network of Compliance Officers (who are code of ethics, the code of conduct and the code of conduct for also responsible for internal control) throughout the Group’s various stock market transactions aim to prevent any activity or practices geographical operations, the network of local representatives and that do not comply with requirements (see Chapter 4, Section 4.4, local teams, as well as the expertise of functional divisions "Ethics and compliance" of this Universal Registration Document, depending on their scope, in particular the Legal Department, pages 141 to 145). Human Resources and the Finance Department. Developments in

44

SOPRA STERIA UNIVERSAL REGISTRATION DOCUMENT 2021

Made with FlippingBook - Online catalogs