159
Annual Report -
2013
-
Vivendi
Information About The Company |
Corporate Governance
| Reports
3
Risks Committee
3.8.
Risks Committee
In January 2007, the Risks Committee was set up for the purpose of
making recommendations or issuing opinions to the Management Board
in the following areas:
identifying and assessing potential risks that may arise
from operations performed within the Vivendi Group;
reviewing the adequacy of risk coverage and the level
of residual risk;
formulating recommendations with a view to improving risk
coverage;
reviewing insurance programs; and
reporting on risk factors and forward-looking statements as
disclosed in the documents published by the Group.
3.8.1.
Composition
This committee is chaired by the Chairman of Vivendi’s Management
Board. It is comprised of at least four members including its Chairman,
as well as:
the Chief Financial Officer;
the Group’s General Counsel; and
the Senior Vice President, Internal Audit and Special Projects.
3.8.2.
Powers
The committee aims to promote the sharing of best practices within the
Group in the areas of risk prevention and management, and to support
subsidiaries in their on-going efforts of continuous improvement. This
objective is dependent upon designated contacts within the business
units, who are responsible for implementing risk prevention policy and
monitoring the progress of preventive or corrective action plans.
The Risks Committee passes its principal conclusions and recommendations
on to the Audit Committee of Vivendi’s Supervisory Board.
3.8.3.
Activity in 2013
In 2013, this committee met twice. The main topics addressed included:
Security of sensitive data;
Availability and continuity of information systems in the SFR and
Canal+ scopes of consolidation;
Adaptation of the
Universal Music Group
organization to market
developments; and
EMI
integration status.
