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conditions of the merger had not been infringed, and to therefore consider that it would be set in
that manner when the legal proceedings to challenge the penalty concluded.
E.6
Explain the response and supervision plans for the main risks to which the Company is exposed,
including tax contingencies:
The Atresmedia Group has defined a series of response plans for the different risks identified.
Moreover, for those risks that materialise or have a greater probability of materialising, an additional
exhaustive monitoring and follow-up process exists, implemented both by the business
management/organisational unit and by the Group's senior management.
The responses to the existing risks are classified into 4 sections:
Prevent
Accept
Reduce
Share
Based on the analysis of the risk response adopted, and on the degrees of materialisation of the risks
disclosed, action plans are implemented that define the measures to be implemented based on the
scenario envisaged when the risk materialises. These scenarios are above all those that arise from the
consideration of different forecasts in the following areas:
Regulatory and Competition
Market
Technological
Business, particularly related with the performance and processing of the business' value
chain, the contents and with the behaviour of spectators/users.
F.
INTERNAL CONTROL AND RISK MANAGEMENT SYSTEMS IN RELATION WITH THE ISSUANCE OF THE
INTERNAL CONTROL OVER FINANCIAL REPORTING (ICFR) SYSTEM.
Description of the mechanisms of the risk management and control systems in relation to the issuance of
the Internal Control over Financial Reporting (ICFR) system of your entity.
F.1
The entity's control environment
Report highlighting its main characteristics regarding at least:
F.1.1.
Which bodies and/or functions are responsible for: (i) the existence and maintenance of
an adequate and effective Internal Control over Financial Reporting (ICFR) system; (ii) its
implementation; and (iii) its supervision.
Atresmedia’s current internal control system is applied in a homogeneous manner in the
entire organisation and encompasses a duly documented regulatory environment.
The body responsible for the supervision of the Internal Control over Financial Reporting
(ICFR) system is the Audit and Control Committee, which relies on the support of the
Internal Audit and Process Control Division for its implementation and maintenance.
In 2012, new Board of Directors’ Regulations were approved to adapt their content to the
legal reforms in relation to the competences and the functioning of the Board Committees.
On 24 February 2016 (the same date on which this corporate governance report was
approved), the Board of Directors resolved to amend its Regulations, specifically articles 22
and 23, to adapt them to the amendment of article 529 quatercedies of the Spanish
Companies Law, which will enter into force in June 2016, introduced by Audit Law 22/2015,
of 20 July.
This area also encompasses the adaptation of the competences system and the structure of
the Audit and Control Committee, in relation to the ICFR. Specifically, the Audit and Control
Committee's competences in respect of the ICFR include:
Supervision of the integrity, preparation and presentation of the regulated financial
information relating to the Company and, where appropriate, to the Group,