The Salini Impregilo Group Internal Control and Risk Management System consists of the rules, procedures and organisational structures designed to ensure, through an appropriate process for the identification, measurement, management and monitoring of the key company risks, the healthy and correct governance of the company consistently with its objectives.
The Internal Control and Risk Management System is based on principles requiring that the company operations comply with applicable internal and external rules, be trackable and documentable, that the assignment and exercise of powers relating to decision-making processes be associated with positions of responsibility and with the materiality and/or critical significance of the underlying economic transactions, that there be no subjective identity among those who take or implement the decisions, those responsible for recording the decided transactions in the accounts and those required to perform the checks on the transactions required by law and by the internal audit procedures, that confidentiality and compliance with privacy laws be guaranteed.
The parties who implement the Internal Control and Risk Management System are:
- the Board of Directors;
- the Control and Risk Commitee
- the Chief Executive Officer as the director responsible for supervising the workings of the Internal Control System and Risk Management System
- the Board of Statutory Auditors
- the Independent Auditors
- the Integrity Board
- the Chief Internal Auditor
- Heads of the functions that carry out "second level" controls:
- the Manager in charge of Financial Reporting
- the Head of the Compliance Function
- the Head of the Risk Management Function
- the Head of the Quality. Environment, Health and Safety Function
The components of the Internal Control and Risk Management System are:
- the Salini Impregilo Group Code of Ethics
- the Power and Proxies System
- the Organisational Structure
- the organisation documents, i.e. the set of documentation regarding internal regulations which define the roles and responsibilities within the organisation, including the allocation of responsibilities associated with the management of company risks including, but not limited to, the organisation charts, the organisational communications and instructions; the Organisation, Management and Control Model (pursuant to Italian Legislative Decree 231/01), the Anti-corruption Model and Guidelines, the "262" Guidelines (composed of, among other things, the administrative, accounting and operational procedures model for drawing up the Group's financial statements); the standard, interfunctional and operational procedures, the manuals and executive instructions.