ACRR_2014

ATRESMEDIA

ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2014

ATRESMEDIA

Control and Management of Risks

Several years ago

Atresmedia

implemented a Risk and Control Manage-

ment System that can identify, evaluate and mitigate any potential risks

through implementing specific controls and action plans.

In order to continuously improve the process, this model is revised and

updated regularly depending on the evolution of the Group's businesses,

the materialisation of risks, new regulations and the evolution of the or-

ganisation itself.

All of the Group's businesses and activities are covered by this risk and

control management model, and since it is a corporate system in the

Group, management and responsibility for it falls to the Board of Direc-

tors with the support of the functions entrusted to the Audit Committee

and with the participation and coordination of the Internal Audit and Pro-

cess Control Department. In addition to the risks that affect the company

as a whole, there are some specific risks that only affect certain units

within the organisation.

Objectives

The main objectives of the

Atresmedia

Risk and Control Management

System are as follows:

Consistency and uniformity

, ensuring uniformity in the definition,

identification and measurement of risks in all of the Group's busi-

nesses.

Internal control environment

, through updating the existing con-

trols and continuously measuring their degree of effectiveness.

Assessment and continuous improvement

of the model through

tools and indicators that facilitate evaluation, identifying new po-

tential risks and introducing the controls necessary for those risks.

Policies, standards and procedures

for action as a form of commu-

nication and management tool for the business areas of the Group's

different divisions, assigning the instructions and guidelines on in-

ternal behaviour.

Compliance with the rules and regulations

, given that it must en-

sure constant compliance with all regulations and legislation appli-

cable to all of the Group's businesses.