Annual And Corporate Responsibility Report 2017

The Audit and Control Committee is reported to by the Compliance Committee, the procedures, membership and duties of which are set out in the Compliance Regulations . The Committee is a collegial body vested in the power to construe and apply the Group’s Code of Conduct and to manage the Crime Prevention Model. The Committee is composed of executives from various management areas and chaired by the Chief Compliance Officer, a position held by an external independent professional. A Compliance Officer for Crime Prevention has also been appointed, with a seat on the Compliance Committee. He or she reports regularly to the Audit and Control Committee, especially with respect to crime-related risks, and the controls in place, as well as the operation of the Whistleblowing Channel. The Compliance Committee approves crime prevention training plans. In 2016 and 2017, training was given to 83.3% of Group employees, executives and middle management. The Compliance Officer for Crime Prevention updates information on the model regularly in communications sent to all employees (the most recent in January 2018). 6.3.3. Appointments and Remuneration Committee Tasks assigned to the Appointments and Remuneration Committee include defining and supervising application of the remuneration policy for directors and senior executives, and selecting and appointing directors (especially independent directors) in accordance with the specific corporate policy. The composition of the collegial management bodies must have a direct relationship with the composition of share capital, although the Committee may still pursue its objective of achieving a balanced and diverse membership. The Committee held four meetings in 2017. A majority of Committee members are independent directors. | 94 |  6. GOVERNANCE AND DECISION-MAKING PROCESSES ATRESMEDIA  |  ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2017