Somfy // Annual Financial Report 2021

02 MANAGEMENT REPORT

RISK MANAGEMENT AND INTERNAL CONTROL

S

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BOARD OF DIRECTORS EXECUTIVE COMMITTEE/GENERAL MANAGEMENT

AUDIT AND RISK COMMITTEE

First line of defence

Second line of defence

Third line of defence

&ŝŶĂŶĐĞ

HR

YƵĂůŝƚLJ

KƉĞƌĂƟŽŶĂů DĂŶĂŐĞŵĞŶƚ

/ŶƚĞƌŶĂů ƵĚŝƚ

IT

džƚĞƌŶĂů ĂƵĚŝƚ

ZŝƐŬ DĂŶĂŐĞŵĞŶƚ Θ ŽŵƉůŝĂŶĐĞ

>ĞŐĂů

ŽŶƚƌŽů

/ŶƚĞƌŶĂů

Risk and control ŵĂŶĂŐĞŵĞŶƚ ĂĐƟǀŝƟĞƐ carried out by employees (day-to-day controls)

Risk and control management ĂĐƟǀŝƟĞƐ ĐĂƌƌŝĞĚ ŽƵƚ ďLJ ƚŚĞ ĐŽŵƉĂŶLJ͛Ɛ ƐƵƉƉŽƌƚ ĨƵŶĐƟŽŶƐ

Assessment of the ĚĞŐƌĞĞ ŽĨ ŽƉĞƌĂƟŽŶĂů control

GROSS RISK

NET RISK

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SOMFY – ANNUAL FINANCIAL REPORT 2021