Mondadori uses a structured and proactive model to identify, measure, manage and monitor risks and uncertainties. This model is integrated into business processes in order to help make informed decisions and strengthen governance. This model is based on the principles laid down by the Enterprise Risk Management framework of the Committee of Sponsoring Organizations of the Treadway Commission (COSO ERM), one of the most authoritative standards adopted at national and international level.
The risk appetite level that the business is willing to accept in order to achieve its objectives has also been established, thus outlining the Group’s risk profile.
The findings of every single process are subject to specific examination by the Control and Risk Committee, the Board of Statutory Auditors and the Board of Directors, and may be subject to further analysis by the appointed organisations and bodies.
The risk situation is revised and updated annually.