MEASURES AND PROCEDURES FOR ESTABLISHING AND MANAGING RISK
Article 119
The Company establishes, implements and regularly updates the risk management system in proportion to the nature,
extent and complexity of operations, the systems must include:
1. strategies, policies, procedures and risk management measures;
2. an organizational chart with defined powers and responsibilities for risk management;
3. the risk management process;
4. effective system of internal controls.
The Company monitors and assesses the eligibility, scope and efficiency of adopted strategies, policies and procedures for
managing risks, as well as the appropriateness and efficiency of measures foreseen for removing possible shortcomings in
strategies, policies and procedures for managing risks, including omissions by relevant persons.
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