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Cecabank Report 2018
About Cecabank
Audit Committee
The Audit Committee, in accordance with the provisions established in
article 38 of the Articles of Association and its Regulation, is responsible for,
among other duties supervising the effectiveness of the internal inspection,
internal audit, and risk management systems; monitoring the process of
preparing and presenting the required financial information and submitting
recommendations or proposals to the Board of Directors; raising before the
Board, for it to be presented to the General Shareholders Committee, the
proposals for selection, appointment, re-election and replacement of the
accounts auditor; annually issuing, prior to the issuance of the audit report,
a report in which an opinion will be expressed on the independence of
auditors; and reporting to the Board of Directors any financial information
that it must periodically make public.
The Audit Committee met on six occasions in 2018, and analysed, among
other issues:
•
The control function and its annual reports
•
The external expert’s report on the Prevention of Money Laundering and
the Financing of Terrorism
•
The implementation of the Management of Technological Risks
•
The auditor’s independent report on Client asset protection
•
The Euribor contribution’s process
•
The operational risk management framework
•
The re-election of the external auditor
•
The process for appointing the external auditor for the 2019-2021 period
•
The supervision function of monitoring Cecabank as a depositary
Santiago Carbó Valverde
Chairman/Independent
Mª del Mar Serrano Álvarez
Member
Jesús Ruano Mochales
Member
Francisco Botas Ratera
Member
Carmen Motellón García
Member
Fernando Conlledo Lantero
Secretary (non-member)
Composition of the
Audit
Committee
, at 31 December
2018:
3 | 3.2