GECINA - REFERENCE DOCUMENT 2017
RISKS Risks
1 st line of control 2 nd line of control 3 rd line of control
I N T E R N A L A U D I T E X E C U T I V E M A N A G E M E N T B O A R D O F D I R E C T O R S
L e g a l D e p a r t m e n t
F i n a n c i a l C o n t r o l
DR C o m p a n y S e c r e t a r y
Watch & control
Identify & assess
DID
RISK MANAGEMENT
M a n a g e m e n t P r o p e r t y R i s k
I T S e c u r i t y
Reporting & communication
Definition of the action plan
DB
R i s k s , C o m p l i a n c e & o n g o i n g C o n t r o l E X T E R N A L A U D I T E X E C U T I V E C O M I T T E E B O A R D O F D I R E C T O R S
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DID = Investments and Development Department DB = Offices Department DR = Residential Department
Internal rules and Delegation of powers and authorities CAR - Audit and Risk Committee
1 st line of control
2 nd line of control
3 rd line of control
The second line of control corresponds to the various functions set up by management to monitor risk control and compliance. This line consists of functional departments responsible for areas of expertise, and functions dedicated to managing the global risk control process.
The third line of control ensures the effectiveness and consistency of the first two lines. It is composed primarily of Internal Audit, which reports to the highest level of the organization, as well as external auditors to provide independent assurance.
The first line of control corresponds to the controls directed by management and consists of the operating managers responsible for assessing and mitigating risks.
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GECINA - REFERENCE DOCUMENT 2017
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