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Corporate Governance Report
This risk area’s main management aspects are:
- Qualification and Selection of Suppliers and
Products in the food quality/safety area and
the Periodic Control Programme for Suppliers/
Products and Services;
- to ensure effectiveness of the implemented Tracing
System;
- the control of the units’ Productive Process by
means of HACCP Systems;
- the system to Develop Food Safety Skills;
- Maintenance and Monitoring of measurement
devices;
- Food Crisis Management System, which allows
existing food warning systems to be monitored at all
times and ensures immediate action when necessary;
- System for Continual Improvement, supported
among other instruments by the External Audits
Programme in all Group units; programme formicro-
biological analyses of end products carried out per
sample by the accredited external entity; Complaint
Handling System, Mystery Customer Programme
and Internal Audits Programme with respect to the
indicators associated to Food Safety;
- Live Well Programme, by which the Group informs
consumers about its Food Safety system and the
opportunity to have healthy food habits, providing
them transparently with the information needed to
make the most correct choices;
- Certification process-management system
for food safety in the framework of ISO 22000,
demanding international standard in food safety.
Workplace Safety and Hygiene
Coordination of this risk area’s management
process is the responsibility of the Human
Resources Division, which coordinates the Training
Plans and monitors application of the standards
and procedures set out in the SHT Manual in
effect at Ibersol.
Financial
Risk management in the financial area is carried
out by the Financial Division and it concentrates
in monitoring the volatility of financial markets,
especially interest rates. The current market
situation has conduced to a major relevance of the
liquidity risk. The main sources of risk exposure
are:
a) Exchange rate risk