The RMS is subject to routine monitoring and review. The Internal Audit Department monitors risk management and compliance with the internal control system using systematic audits. As a process-independent authority, they contribute to the integrity and improvement of business procedures and the effectiveness of the installed systems and controls.
In addition, the auditors review our early risk detection system to ensure that it adheres to legal requirements. They report the audit results to the Executive Board and the Audit Committee.
Furthermore, the Audit Committee deals intensively with risk management issues. The risk management officer regularly communicates current developments to the committee and the Executive Board.