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• the Monitoring Board, with the task of supervising the
operation of and compliance with the Organisational
Model adopted under Legislative Decree 231/2001, as
well as to oversee its updating by presenting the Board
of Directors with proposed revisions and amendments.
Furthermore, in light of the increasing complexity of its
activities and in response to changes in the legislative
environment, in 2012 the Board of Directors decided to step
up the Group's attention to the internal control and risk
management system, by implementing a dynamic system
of Enterprise Risk Management (ERM) and by appointing a
specific Internal Risk Management Committee, consisting of
the Group's Senior Management, with the mission of iden-
tifying, measuring, analysing and evaluating risk situations
or events that could affect the achievement of the Group's
strategic objectives and priorities. The establishment of the
new system was completed during 2013, and a Chief Risk
Officer was appointed to manage the ERM process. This
person reports to the Internal Risk Management Committee.
More comprehensive information about the system of
business risk management can be found in the "Risk Factors
and Uncertainties" section of this report.
Also of relevance to the internal control and riskmanagement
system are the Group's Code of Ethics and the Organisation
and Management Model adopted by the Prysmian Group
under Legislative Decree 231/2001.
System of internal control over financial reporting
In accordance with Law 262/2005 ("Provisions for the pro-
tection of savings and the regulation of financial markets")
and under art. 19 of the By-laws, the Board of Directors, after
consulting the Board of Statutory Auditors, has appointed
Andreas Bott (Head of Planning & Controlling) and Carlo
Soprano (Head of Financial Statements & Compliance) as
joint managers responsible for preparing corporate account-
ing documents. In this role, they certify at least every six
months, the accuracy of the financial information disclosed
to the market, the existence of adequate procedures and
internal controls relating to financial reporting and the