2007 - April

3.0
Chairman of the Board of Directors’ report
2.5. Outlook for 2008
Risk management
Two key risk management strategies were set out by the
Group Committee in the 2008 audit plan:
The first mappings carried out in 2007 will be updated by
the members of the risk division for the business divisions
and insurance companies. In addition, new members of the
Group (creations or external growth) will also formalize
their first risk mapping;
To promote the distribution of a consistent and coherent
internal control and risk management culture, an “internal
control” pack will gradually be rolled out for all Group
companies, grouping together the models and best
practices in terms of internal control.
Two follow-up assignments on audits conducted in previous
years, selected in light of the key issues at stake.
Lastly, audits may be conducted on any other topic or in any
Group company if deemed necessary by the Group Committee
or Sustainable Development Committee.
The actions carried out in 2007 and the projects planned for
2008 are in line with our ongoing commitment to improving
the quality, consistency and effective management of our
operational and support processes wherever necessary.
They represent part of a general scalable internal control and
governance system, attentive to regulatory requirements and
changes, while maintaining a strong focus on the field and
the markets served by the Group’s various companies.
Audits
In addition to the section presented above, focused
specifically on risk management issues, the audit plan for
2008 is built around four sections as usual:
Four cross-business issues, with those selected for 2008
ranging from follow-up on subjects audited in previous
years (antidiscrimination, review of benefits, application
of the French intermediation law) to new major strategic
issues (business continuity plans, Tracfin compliance);
Five specific issues, focusing on potential or proven risks
and notably the organization and strengthening of internal
control and governance structures and bodies on insurance
companies and the review of reinsurance programs within
the Group;
Six integration follow-up audits for companies that joined
the Group in 2007, with a more international dimension on
these companies;
Lyons, February 15 th , 2008
Chairman of the Board of Directors
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