The Group has implemented an efficient internal control system, based on:
- Structuring rules and principles: all the Group's internal rules and policies (Principles of Action, organization principles, Code of business conduct, etc.) are applicable to all Group personnel.
- Formally defined responsibilities: the Group's rules and policies define internal control as being 1 of the fundamental responsibilities of each legal and operational entity's general management.
- An internal financial control benchmark: internal control standards have been defined. They list the mandatory key controls designed to cover the main risks pertaining to processes impacting financial information, protection of assets, detection and prevention of fraud.
- Internal control management and facilitation at all Group levels:
- the Board of Directors and its specialist committees, particularly the Audit Committee, ensure that the Group's internal control policy is implemented,
- The Group's Executive Committee steers the system as a whole,
- "Internal control coordinators" are responsible for facilitating internal control in each of the Group's main business units. Their main role is to ensure that the Group's internal control standards are implemented and to take part in the continuous improvement of our processes. Their actions are coordinated by a Group internal control Department.
Internal control is thus an integral part of Lafarge corporate governance. It provides a guarantee of transparency
in the Group's internal processes.