31 / 34
31
Effective risk management
Prysmian Group has adopted an internal
control and risk-management system
in compliance with the Self-Regulatory
Code1, which is in line with the best
practices in the field and based on tools
and information flows that allow the Board
of Directors to take strategic decisions
and define the system’s guidelines in an
informed manner. Furthermore, in light of
ASSESSMENT CRITERIA
LIKELIHOOD
IMPACT
• Impact
• Likelihood
• Level of Risk Management
Remote
Negligible
Low
Moderate
Medium
High
High
Critical
LEVEL OF RISK MANAGEMENT
Risk INADEQUATELY covered and/or managed
Risk covered and/or managed but with ROOM
FOR IMPROVEMENT
Risk ADEQUATELY covered and/or managed
Also in 2014, the Group organised several visits for institutional
investors and financial analysts to visit its production facilities and
R&D centres in Europe, the USA and Asia, in order to give them a more
in-depth knowledge of its products and production processes.
Production facilities open to investors
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.