Bodies with responsibility for risks

A Quality & Environment Department was created in 2003 and reports directly to the CEO: its powers include most of those related to coordinating and monitoring the Group's risk profile.

The Corporate Insurance Unit, which was created in 2004 with the functions described above, forms part of the Quality & Environment Department.

The Audit Department, also part of the corporate structure, plans and works on the basis of the identified risks in order to assess the efficacy of the measures established for risk management.

Lastly, the Board of Directors Regulations state that the Audit and Control Committee's powers include periodically analysing and assessing the businesses' main risks and the systems established for their management and control. The Committee devotes most of its meeting schedule to this function and is periodically assisted by the heads of the aforementioned corporate departments who also attend its meetings.