Annual And Corporate Responsibility Report 2017

The system covers all risks (external and inherent to the business; financial and non-financial – operational, IT, legal, social, environmental, political and reputational) and the regulations applicable to each. It also establishes the controls and procedures that prevent the materialisation of these risks. The entire prevention and response mechanism is reflected in Atresmedia’s risk map. In addition to the risk map, the Group has a process map, which maps risks and controls to a range of internal, business and corporate processes. Management therefore has a tool that can detect risks that may arise at any time and have a greater impact on the Group’s processes and divisions. Ultimate responsibility for the GRC Model rests with the Board of Directors. However, the Board is reported to by the Audit and Control Committee, which oversees the operation of the Model. The Audit and Control Committee in turn is briefed by the Regulatory Compliance Committee and by the Internal Audit and Process Control areas. Risks map Process map Flags all risks and applicable law and regulations in each case Associates each risk with the relevant controls and lets the Company gauge its impact at all times Activities of the Atresmedia Group and divisions Macro risks Risks affecting the business Controls Procedures Competition Advertising market User trends Controls Procedures Regulatory Economic climate Technological | 96 |  6. GOVERNANCE AND DECISION-MAKING PROCESSES ATRESMEDIA  |  ANNUAL AND CORPORATE RESPONSIBILITY REPORT 2017