ADP_REGISTRATION_DOCUMENT_2017

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RISK MANAGEMENT AND CONTROL

4.1 INTRODUCTION

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4.3 RISK FACTORS

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Strategic risks

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4.2 RISK MANAGEMENT AND INTERNAL CONTROL SYSTEM

Risks related to the group’s activities

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Legal risks

Global system

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Management organisation risks

The internal control mechanism and management of risks relating to the development and handling of financial and accounting reports

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4.1

INTRODUCTION

Aéroports de Paris carries out its activities within the legal framework of decree no. 2005-828 of 20 July 2005 relating to Aéroports de Paris SA pursuant to law no. 2005-357 of 20 April 2005 related to airports. Its missions fall within the scope of the Economic Regulation Agreement (ERA), in line with articles L. 6325-2 of the French transport code and R.224-4 of the French Civil Aviation Code. The ERA 2016-2020 was signed with the government authorities on 31 August 2015. In support of and in line with the ERA 2016-2020, the strategic plan, “CONNECT 2020”, establishes the goals of Groupe ADP for the same period. In order to achieve them, a strategic coordination process was implemented. It is structured around road maps that give the indicators established at group level and deployed by each division.

Groupe ADP conducts its business in a constantly changing environment that generates risks and opportunities. Risk taking can translate into the search for opportunities and the wish to develop the group. The information provided in this chapter concerns the significant risks to which the group believes itself to be exposed to date (see “Risk factors”). These risks or other risks not identified to date, or considered to be insignificant by the group, could have an unfavourable effect on its activity, its financial situation and/or its income. The risk management and internal control system aims to correctly identify the risks inherent to the group’s activities.

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AÉROPORTS DE PARIS  REGISTRATION DOCUMENT 2017