By describing and naming risks the awareness of risks within your company increases. Further, it is important that the management within the organization makes clear what its expectations regarding risks are. By assigning explicit responsibilities for risks and management, ownership is created. Also, a reporting and accountability structure can contribute to your risk management.

Deloitte has an effective and transparent internal risk management and control system that meets all the guidelines of the Tabaksblat Code. It focuses on the following elements:

• Knowing and assessing risks and the management of your company (the question of being in control)
• The statement of the board on the internal risk management of the company
• Sharpening the supervisory board’s and the audit committee’s supervision
• The implementation of the Tabaksblat Commission’s recommendations with regard to the audit committee, the remuneration committee and the selection committee