Exclusive Networks // Sustainability Report 2022

Risks and opportunities Internal control and risk management

Audit Committee Monitoring of the effectiveness of internal control, internal audit and risk management systems Board of Directors

Executive Committee Monitoring of the performance and development of risks and their impact on the Group’s activities and results

Operational Divisions First line of defence

Support Divisions Second line of defence Internal control Risks & Compliance Finance – Legal Social, Societal and Environmental Responsibility Human Resources Information systems • Risk management and compliance; • Designing the internal control system and updating it; • Training and mentoring.

Internal Audit Third line of defence Independent department reporting directly to the Audit Committee: • Independent and objective assessment of the effectiveness of the internal control and compliance system through periodic audits of the entities; • Drawing up of recommendations; monitoring of the correct implementation of the action plan defined by local management. The Internal Audit framework is based on the anti-corruption programme defined by the Risks & Compliance department, the export controls defined by the Operations department, and the key controls (Finance, Operations) defined by the Internal Control department.

• Local risk management; • Deployment of knowledge and application, at local level, of rules and procedures defined by internal control. • Identification, assessment and management of risk and local reporting.

The internal control and risk management system covers all the controlled companies included in the Group’s consolidation scope.

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Exclusive Networks

Sustainability Report 2022

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