GROUPAMA / 2019 Universal Registration Document

5 GROUP RISK FACTORS

Organisation of risk management within the Group

In addition to these three risk management departments, departments such as Legal and Tax also contribute to the management of the risksof the Group and itsvarious entities. The Group Legal Department, under the supervision of the Corporate Secretary, manages the Groupama Assurances Mutuelles legal affairs and those of its subsidiaries and provides legal advice as needed to all the French legal entities of Groupama Assurances Mutuelles. Within this framework, it ensures the legal safety of its operations and its Directors and executives. Internal checks on the effective implementation of administrative legal procedures are based on ongoing monitoring systems on an individual entity basis. The role of the Group’s Tax Department is to provide information and monitor tax regulationsfor all of the Group’s entities. It is also regularly questionedabout specific technical points and is involved in preparing the end-of-year financial statements. The Group’s internal control system is supplemented with the activities of the Group General Audit Department,which conducts several typesof audits: the general economic and financial audit of the Group’s entities ● on a three-year basis, in addition to the operational audits conductedwithin the entities;

audits on the processesof GroupamaAssurancesMutuellesand ● on the Group’scross-functional processes; and audits on behalf of some entities as part of the pooling of the ● Audit keyfunction with Groupama Assurances Mutuelles. The audit plan of the GroupGeneral Audit Departmentis confirmed by the ExecutiveManagementof GroupamaAssurancesMutuelles and approved by the Audit and Risk Management Committee of Groupama Assurances Mutuelles and the Board of Directors of Groupama AssurancesMutuelles. Every mission involves a review of the risk and internal control system for the activity or entity audited; a report is prepared on the engagement presenting the observations,conclusions and recommendationsto the Executive Management of Groupama Assurances Mutuelles. A regular summary is presented to the Audit and Risk Committee. A report on the progress of the recommendationsis communicatedon a quarterly basis to the Groupama Assurances Mutuelles Executive Management as well as the Audit and Risk Management Committee of Groupama Assurances Mutuelles.

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Universal Registration Document 2019 - GROUPAMA ASSURANCES MUTUELLES