Aéroports de Paris - 2019 Universal registration document
REAL ESTATE ASSETS AND FACILITIES
RISK AND MANAGEMENT
PERSONS RESPONSIBLE FOR THE UNIVERSAL REGISTRATION DOCUMENT AND ANNUAL FINANCIAL REPORT
STATUTORY AUDITORS
INFORMATION ON THE COMPANY
BUSINESS OVERVIEW
ORGANISATION CHART
REVIEW OF THE FINANCIAL POSITION AND INCOME
EQUITY AND CASH FLOWS
INFORMATION CONCERNING TRENDS
3.3
RISK MANAGEMENT AND INTERNAL CONTROL SYSTEM
General presentation A global approach
◆ the Audit and Risk Committee, an extension of the Board of Directors, whose mandate is specified in the rules of procedure of the Board of Directors; ◆ the Executive Committee (Comex), chaired by the Chairman and CEO, which takes part in directing Groupe ADP, both operationally and strategically, and debates any subject relating to its smooth running; ◆ the Risk and Internal Control Operational Committee (CORCI) which brings together the directors of the entities 1 ; ◆ the network of “Audit-Risk Management-Internal Control” (ARC) coordinators appointed in each Group entity 1 . It is based on the model of “three lines of activity control”, invented by the IFACI (the French Institute for Audit and Internal Control) and the AMRAE (the French Association for the Management of Corporate Risks and Insurance).
The risk management and internal control systems to which the management systems contribute, as well as the internal audit system constitute a global approach to control the Group’s activities and objectives. Governance and scope The approach is coordinated by the Security and Risk Management Division, which reports to the Group’s Secretary General, and by the Corporate Audit and Internal Control Division, reporting to the Chairman and CEO. It is supported by: ◆ the Board of Directors, which determines the directions taken by Aéroports de Paris SA’s activity and ensures they are followed (article 16 of the Articles of Association);
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BOARDOFDIRECTORS AUDITANDRISKCOMMITTEE
EXECUTIVECOMMITTEE (COMEX) RISKAND INTERNALCONTROLOPERATIONALCOMMITTEE (CORCI)
FIRST LINE OF CONTROL
SECOND LINE OF CONTROL
THIRD LINE OF CONTROL
HR
INTERNAL AUDIT
LOCAL MANAGEMENT
Purchases
Legal
Actors involved in the business activity
EXTERNAL AUDITS REGULATION
Finance
Management
RISK HEDGING
BY INSURANCE
RISK MANAGEMENT AND INTERNAL CONTROL
IS …
Network of ARCcoordinators
Networkmanagement systems
The scope of this Group system covers the Aéroports de Paris company and its controlled entities.
1 In 2019, the entities correspond to the divisions of Aéroports de Paris and its (wholly or jointly) controlled subsidiaries.
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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019
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