With this aim in mind, the processes for identifying and assessing risks have been defined and managed, the corporate risk catalogue and map have been established and are updated on a regular basis and action plans for eliminating or minimising the impact of the risks identified have been put in place, thereby facilitating continuous follow-up and monitoring of the same. With the aim of improving follow-up and promoting a risk management culture, a Risks Committee has also been set up, the aim of which is to coordinate, manage and follow up risks and action plans and advise the Management Committee and Auditing Committee on this matter.
In 2014, the area continued to update the Group’s Risk Map and follow through with the mitigation plans established, in addition to regularly communicating risk status within the organisation. Moreover, the Risk Management area continued to work internally on improving the internal coordination of its activities, in relation to the rest of the companies in the Group and to groups of interest.
