AFD - 2019 Universal registration document

RISK MANAGEMENT

Risk management

COMPOSITION OF THE GROUP AUDIT COMMITTEE AND RISK COMMITTEE AS AT 31/12/2019

NAME

FIRST NAME

Organisation Date of resolution

Term ends

Position

Chairman of the Group Audit Committee and Risk Committee Mattei Jean-Louis Qualified person

18/05/2017

17/05/2020 Chairman, Alternate Director of the AFD Board of Directors

Members of the Group Audit Committee Rousseau Cyril

Directorate General of the Treasury, MINEFI

21/12/2017

20/12/2020 Member of the Audit Committee, Director, alternate member of the AFD Board of Directors 20/12/2020 Member of the Audit Committee, Director, alternate member of the AFD Board of Directors 19/12/2021 Personnel representative, Director on the AFD Board of Directors, alternate member 20/12/2020 Permanent member of the Risk Committee, Director, alternate member of the AFD Board of Directors 20/12/2020 Permanent member of the Risk Committee, Director, alternate member of the AFD Board of Directors 19/12/2021 Personnel representative, Director on the AFD Board of Directors 17/02/2020 Permanent member of the AFD Board Permanent member of the Risk Committee, Permanent Member of the AFD Board

Plais

Philippe

Budget Department, MINEFI

12/07/2018

Picard

Stéphanie

AFD employee

20/12/2018

Members of the Group Risk Committee Rousseau Cyril

Directorate General of the Treasury, MINEFI

21/12/2017

4

Plais

Philippe

Budget Department, MINEFI

12/07/2018

Picard

Stéphanie

AFD employee

20/12/2018

Tubiana

Nathalie

Caisse des dépôts

15/12/2018

4.3.1.4 Risk monitoring Risk monitoring is ensured by the Group Risk Management Department (DRG) of the Executive Risk Department (DXR): by the Counterparty Risks division (DRC) at the individual level of credit risks and the Risk Monitoring Division (DSR) at a consolidated level, both for credit risks and market transactions. This supervision is not exclusive to this department: among other procedures, a six-monthly review of non-sovereign counterparties is conducted by local departments, credit transactions are referred for a second opinion (DXR/SOP) and the Finance Department provides strategic and financial guidance (DEF/PFG). 4.3.1.5 Methods of informing executive officers The executive officers are informed through different channels which are essentially committees and executive officer memos. The Internal Control Committee (Cocint) comprises members of the AFD Executive Committee (including the Chief Executive Officer of Proparco), the head of the Group Risk Management Department (DRG), the head of the General Inspection Department, the head of the Compliance Department, and the head of the Operational Risk and Permanent Control Department.

It makes sure that systems are in place to monitor the activities and risks, as required by the Decree of 3 Ǿ November Ǿ 2014, to ensure the AFD Group’s internal control system operates effectively. It mobilises management to put these systems in place. It is through this body that the heads of Periodic Control (the General Inspection department – IGE) and of Permanent Control and Compliance of AFD Group report on the fulfilment of their roles. The committee is also regularly informed of incidents and risks updated in the operations risk mapping. The Risk Committee (Coris) is responsible for risks within the scope of the AFD Group, with a particular focus on macro- economic risks in the countries in which it operates (“country risk”) and credit risks (“counterparty risk”). It is chaired by AFD’s executive head of risk (DXR) and is attended by Senior Management. In its “Compliance” configuration, the New Products and New Activities Committee (Coconap) examines (i) Ǿ any changes to French or local laws or regulations which affect the AFD Group, (ii) Ǿ any significant compliance events in the respective areas of activity, (iii) Ǿ the list of operational non-compliance incidents, (iv) Ǿ the updated compliance, fraud and corruption risk mapping and (v) Ǿ the progress of corrective measures. It is chaired by the AFD’s executive head of risk (DXR).

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UNIVERSAL REGISTRATION DOCUMENT 2019