Corporate Governance Report
Internal control and the monitoring of internal control systems are overseen by the Executive
Committee.
51. Disclosure of the relationship to other committees of the Society
in hierarchical dependence and/ or functional relation
Not applicable as the Group does not have autonomous services.
52. Existence of other functional areas regarding competences
in risk control
There are central functions (the Quality, Human Resources and Financial Units), reporting to the
Executive Committee, that promote, coordinate and facilitate the development of risk manage-
ment processes.
53. Main Risks to which the Company and its Affiliates
are exposed
The Board of Directors considers that the Group is exposed to the normal risks arising from
its activity, namely at the level of the restaurants.
Strategic and operational risks
The business is exposed to changes in macroeconomic factors and trends in consumer prefer-
ences. The management of strategic risks involves the monitoring of macroeconomic indica-
tors, consumer trend studies, market studies of restaurants business, consumers consultation
and monitoring competition activity in the different markets where the Group operates.
Operational risks are focused on the Group’s value chain processes and operational risks of
the units, relating to the supply management (supply and logistics) inventory management,
fund management and efficiency and security in the use of resources and assets. The suita-
bility and scope of control procedures are monitored and revised when necessary.
Given the nature of the business, there are certain risk areas that are assigned to particular
functional departments, notably:
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