Annual and Corporate Responsibility Report 2015

individually as well as collective. It also

reinforces the role of the Committee

in the supervision and control of other

possible additional services that the

auditor provides to the Company, with

the limits and the prohibitions set out in

the regulations on accounts auditing.

Consequently, the Audit Committee is

legally configured as an independent

and specialised collegiate body that

contributes to the activity of the Board

of Directors, with its full backing, and

which has full powers of initiative and

supervision for everything concerning the

accounts auditing of the Company

(both internal and external) the

introduction and efficacy of internal

control measures and the risk

management systems, all of which are

integrated into the corporate governance

system of

Atresmedia

In 2015 Atresmedia has reinforced its

Internal Control and Risks System and,

within this, the Regulatory Compliance

and Criminal Prevention Model

, so

that these are efficient in identifying,

preventing and managing risks of all

kinds and, particularly criminal risks, by

introducing the controls necessary:

•

We have verified that the Regulatory

Compliance and Criminal Prevention

Model

adapts to the regulatory

requirements, especially criminal

liability of artificial persons and new

types of crimes. The result of this

analysis confirms that the Model

works properly and is in line with the

necessities of

Atresmedia

group, as

well as having the necessary capability

and flexibility to adapt itself in the

future to new needs (whether business

or legal) and to improve its quality and

efficacy.

In this regard, the regulatory

compliance and criminal prevention

model has been reviewed by an

independent third party, updating

the initial diagnosis of the model that

was undertaken in 2011. The main

conclusions are that the

Atresmedia

model complies with the requirements

that the criminal prevention model

should have, likewise updating the

criminal risks map of the

Atresmedia

group and assessing whether the

controls implemented are appropriate

for the criminal risks and offences

applicable to the

Group

’s activities.

•

A new Director of Regulatory

Compliance has been appointed

, who

shall head the Regulatory Compliance

Committee and who is an independent

and external professional, with greater

power to take decisions and actions,

given that it is a position unconnected

to the

Group

’s organisational

structure. The person that the Board

of Directives has appointed for this

position is Pedro Ramón y Cajal, who

has been a director of

Atresmedia

and

has an in-depth legal background, as

well as proven experience.

•

A new Head of Criminal Compliance

has been appointed by the Board of

Directors

, Fernando Costi, Direct of

Internal Audit and Process Control.

•

The Regulatory Compliance

Committee (RCC) Regulations

have been approved

, setting out its

functions, as well as its members and

method of operating.

•

The complaints channel has been

extended

, and now also allows

enquiries to be made, thus improving

its preventive and training capability

for all workers that need to have a

secure and reliable criterion with

regard to these matters. The RCC has

also approved a specific procedure

that regulates the performance of this

channel. During 2015 this channel did

not receive any complaints or enquiries

•

Access to all information concerning

Regulatory Compliance and Control

has been improved

for all workers and

collaborators of the

Atresmedia

group.

A specific section has been enabled on

the intranet of the

Atresmedia

group

specifically dedicated to Regulatory

Compliance and Control, containing

full and updated information on the

ATRESMEDIA

| ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2015 |

ATRESMEDIA