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ATRESMEDIA
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ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2014
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ATRESMEDIA
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Responsibilities
The main responsibilities related to the Risk and Control Management
System are summarised in the following section
The Audit and Control Committee is responsible for supervising the Sys-
tem's operation and reporting to the Board of Directors so the plans of
action or new measures to be implemented can be approved or amend-
ed, as appropriate.
Key components of the Risk and Control
Management Model
The Risk and Control Management System at Grupo
Atresmedia
has var-
ious key components:
Definition of the objectives
: New objectives for the Group and for each of
its business units are revised and set each year, along with the acceptable
level of risk given the Group's global strategy and the identified internal
and external events.
Internal control environment
: An assessment of the model is regularly
conducted in order to verify, on the one hand, how the staff in the compa-
ny perceive the risks, the establishment of controls that mitigate the risks
FINANCE
DEPARTMENT
Responsible for most of the financial controls and the Internal Control System for Financial
Reporting (ICFR).
Compliance with policies and standards related to budgets, accounts and financial
statements, and financial reporting.
LEGAL AFFAIRS
DEPARTMENT/
BOARD SECRETARY
Responsible for most of the compliance and corporate governance controls.
REGULATORY
COMPLIANCE
COMMITTEE (RCC)
The body that monitors the Group's regulatory compliance.
Responsible for monitoring the Code of Conduct and Complaints Channel.
INTERNAL AUDIT
Coordinates and administers the Risk and Control Management System. Designs policies and
procedures and identifies new controls.
Tests controls and reports to the Audit Committee.
BUSINESS UNITS AND
CORPORATE UNITS
Responsible for the controls, evaluation and supervision.
Compliance with regulations: external and internal (policies, standards and procedures).