Corporate governance

Internal Control

  • Responsibility for Internal Control

At its meeting on 18 July 2008, the Audit and Accounts Committee decided to appoint the Chief Financial Controller of PWREF 1 Holding Sàrl as head of Group internal control, on a permanent basis.

She performed her first duties in November/December 2008, which resulted in the production of the "Accounting Procedures and Internal Control Guide".

  • Procedures

The Guide, which was drawn up in collaboration with the statutory auditors, describes the main procedures applicable to :

  • the preparation and processing of accounting and financial information and,
  • the identification and management of risks within the Group.

This document is updated regularly and used as a basis for carrying out permanent and on-site controls, the latter being reviewed on an annual basis by the Audit Committee and the Board of Directors.