The process of reporting significant risks takes place on a regular basis and is complemented by ad hoc reports to the Management Board in the event of sudden or unexpected risks. Overall responsibility for the independent reporting system, which is standardised across the Group as a whole, lies with the Risk Controller, who reports directly to the Management Board and also ensures the functionality of the system. The Risk Controller submits regular reports on risks and associated trends to the Management Board. By pursuing this approach, the Group is able to ensure that the risk management system as well as processes centred around the discussion of the risk report remain an integral part of management activities and an essential element of Supervisory Board meetings.
