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4.
MAKING IT SUSTAINABLE
PRYSMIAN GROUP
2015
YEARLY OVERVIEW
ThePrysmianGroup's policy of value creation
has always been based on the effective
management of risks. Since 2012, by
adopting the provisions on riskmanagement
contained in the "Italian Stock Exchange
Corporate Governance Code for Listed
Companies", Prysmian has strengthened
its governance model and implemented an
advanced system of Risk Management that
promotes proactive management of risks
using a structured and systematic tool to
support the main business decision-making
processes.
In fact, the Enterprise Risk Management
(ERM) model, developed in line with
internationally recognised models and best
practices, allows the Board of Directors and
management to evaluate in an informed
manner those risk scenarios that might
compromise the achievement of strategic
objectives, and to adopt additional tools able
to anticipate, mitigate or manage significant
exposures.
360-DEGREE ETHICS
The Prysmian Group adopts a rigorous
system of internal controls and risk
management based on consolidated tools
and reporting processes. These enable
the Board of Directors to take strategic
decisions and establish the system's
guidelines in an informed manner, taking
account of the business environment and
possible related financial, environmental
and social risks.
Managing risk
Proactive risk management
From awareness to action