BIC - 2019 Universal Registration Document

RISK MANAGEMENT

By diversifying our activities and our geographical presence, we expose ourselves to risks that could affect our reputation and performance. For this reason, we are committed to an active and dynamic approach to risk management, anticipating and managing risks while turning them into opportunities.

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IDENTIFICATION AND ANALYSIS OF RISKS

RISK MANAGEMENT

RISK MONITORING

RISK MAPPING

Bottom-up approach

Top-down approach

BUSINESS UNITS/ SUBSIDIARIES

BOARD OF DIRECTORS

RISK MANAGEMENT FUNCTION

RISK MATRIX

BOARD OF DIRECTORS

MANAGEMENT (TREASURY, LEGAL , ETC.)

BUSINESS UNITS/ SUBSIDIARIES

EXECUTIVE COMMITTEE

RISK MONITORING (MAPPING UPDATE)

ACTION PLAN

Bottom-up approach: self-assessment of significant risks

Action plans: related to key risks are reviewed and discussed during Board of Directors’ meeting Major risks identified, are managed and monitored by the Board of Directors

Each site/department sets up its own dashboards and key indicators to identify and track risks, to assess the means and reduce their impact Scheduled update of risk mapping

Top-down approach: Group risks mapping updated every two years. Consolidation carried out by the Risk Management function which delivers a Group risk matrix

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• BIC GROUP - 2019 UNIVERSAL REGISTRATION DOCUMENT •