Supervision



 
 
The Executive Board oversees the adequacy and functioning of the entire system of risk management and internal control, assisted by Group departments. Group Internal Audit provides independent assurance on the entire risk management and internal control system.
 
The Assurance Meetings at operating company level, oversee the adequacy and operating effectiveness of the risk management and internal control system. Regional Management and Group Internal Audit participate in these meetings to ensure effective dialogue and transparency. Following the introduction of the regional management structure in 2005, Regional Assurance meetings have been established.
 
The outcome and effectiveness of the risk management and internal control systems have been discussed with the Audit Committee and Supervisory Board.