Risk management

Cofinimmo has implemented a risk management and internal control process in accordance with corporate governance rules and with the various laws applicable to public regulated real estate companies.

The company has chosen the Enterprise Risk Management (ERM) model developed by COSO (Committee of Sponsoring Organisations of the Treadway Commission - www.coso.org) as its reference framework. COSO is a private sector organisation whose goal is to promote quality improvement in financial and non-financial reporting through the implementation of business ethics rules, effective internal control systems and corporate governance rules.

The ERM model comprises the following components: internal environment, evaluation of risk, control activities, information and internal communication; monitoring, and follow-up.