Executive Board of Directors

In what concerns to risk management, the Executive Board of Directors is supported by the Risk Management Department. It convokes on a quarterly basis the General Committee for Risk Control and receives regular reports from the Sub-Committee for Energy and Financial Risks. The Executive Board of Directors is responsible for the approval of risk policies, the definition of risk monitoring structures and the definition of risk limits.

 

General Committee for Risk Control
 

The General Committee for Risk Control is assigned with the definition of the Group's risk strategy as the observation of its execution.

 

Sub-Committee for Energy and Financial Risks meets on a monthly basis, closely monitoring the financial risks and the risks associated with trading activities. This Sub-Committee develops recovery plans for the violation of risk limits, providing information to the General Committee for Risk Control and the Executive Board of Directors.