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service head, and the estimate for that service; receiving periodic information on its
activities; and verifying whether senior management has taken into account the
conclusions and recommendations of its reports.
In addition, the Regulatory Compliance Committee assumes, among other functions,
that of providing support and coordination in conjunction with Internal Audit and
Processes Control in the monitoring and supervision of the Internal Control over
Financial Reporting (ICFR) system rules, and in the monitoring of the functioning of
the Whistleblower Channel.
The Financial Department is responsible for implementing the ICFR via the
Accounting, Consolidation, Billing, Management and Administration Control areas.
These areas use information from other areas and management systems, and must
ensure the correct transfer of information among different management systems, and
the adequate accounting registration of the financial management system (SAP).
Likewise, the Investor Relations area specifically reviews that all the information sent
to the markets and to investors is clear and understandable and coincides, although
its presentation is different, with the financial information of the related financial
statements.
The Internal Audit Department works with the Financial Department on supervising
the correct functioning of the ICFR and on defining and implementing the controls
required to ensure and guarantee the reliability of the information.
F.1.2.
The following elements if they exist, especially with respect to that relating to the
process of preparing financing information:
•
Departments and/or mechanisms entrusted: (i) design and review of the
organisational structure; (ii) clear definition of the lines of responsibility and
authority, with an adequate distribution of tasks and functions; and (iii)
whether sufficient procedures exist for their correct implementation at the
entity.
The organisational structure of the Atresmedia Group is proposed by the CEO
when it affects the first executive level, and is approved by the Appointments
and Remuneration Committee.
The department heads and the heads of each organisational unit/business
unit define the organisation of the remaining executive levels and resources of
each unit, in coordination with the Group's Corporate General Management.
The organisational changes and, where appropriate, new employee
recruitments, at the first executive level are adequately notified to the whole
organisation via specific notifications via email.
The lines of responsibility of the Atresmedia Group in the different processes
for the preparation of financial information are shown in the organisation
chart of the Group and of the different organisational areas/business units.
The Internal Audit and Processes Control and Legal Advisory areas are
responsible for defining the main processes, protocols and procedural steps at
the Atresmedia Group, and for notifying them, subject to the supervision and
approval of the Regulatory Compliance Committee to the whole body for
compliance.
•
Code of Conduct, approval body, degree of implementation and instruction,
principles and values included (indicating whether specific mention is made
to the register of transactions and the preparation of financial information),