Group internal control system definition

Group internal control system means the set of rules, functions, structures, resources, processes and procedures that enable the parent company to carry out the strategic, management and technical and operational control.
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Group internal control system means the set of rules, functions, structures, resources, processes and procedures that enable the parent company to carry out:
Sample 1Sample 2Sample 3

Examples of Group internal control system in a sentence

  • In particular, the Parent Company is responsible for the governance, design and implementation of the "Group internal control system".

  • B.4 Internal Control System BHIIL has adopted the Group internal control system.

  • The Committee’s main task is to evaluate the adequacy and efficacy of operation of the Company and Group internal control system and risk management, and then to report on this to the Board of Directors.

  • Through such measures, the Bank seeks to maintain frameworks which facilitate an appropriate Group internal control system.

  • The Board considers the Group internal control system and risk management is adequate and effective for the financial year.

  • At the same time, the Board resolved to maintain the Code of Conduct of the Terumo Group as the standard for employee conduct while utilizing the Internal Control Committee to lead further enhancement of compliance structure, information storage and management, risk management, system for assuring operation efficiency, Group internal control system, and the structure for auditing by corporate auditors.

  • As required by the Order dated on 3 November 2014, the Group internal control system established by Rothschild & Co operates a distinction between organisations and managers in charge of permanent controls (including Compliance, anti-money laundering and risk management) and periodic controls (i.e. internal audit).

  • We hope that, by having ‘walked the talk’, we have learned some lessons which we can use to support academic faculty who decide to embark on their own portfolio journey.

  • The "Group Directive regarding the Internal Control System," approved by the Board of Directors in its meeting of 23 November 2008, governs the governance model the of the Montepaschi Group internal control system.

  • Learner Communication skills (27.02 %) are also important as it enhances collaboration (CLS).

Related to Group internal control system

  • Control system means the combination of capture and control devices used to reduce emissions to the atmosphere.

  • Stationary internal combustion engine means a spark or compression ignited, reciprocating internal combustion engine that is not a portable emission unit.

  • Vapor control system means a system that prevents release to the atmosphere of gasoline vapors in excess of 80 milligrams per liter of gasoline loaded (4.7 grains per liter).

  • Overall control efficiency means the efficiency of a control system, calculated as the product of the capture and control device efficiencies, expressed as a percentage.

  • Inventory control system means a system described in Section 4-41a-103.

  • Internal Control Event means a material weakness in, or fraud that involves management or other employees who have a significant role in, the Borrower’s internal controls over financial reporting, in each case as described in the Securities Laws.

  • Beam monitoring system means a system designed and installed in the radiation head to detect and measure the radiation present in the useful beam.

  • Monitoring System means a system established by BNY to fulfill the Responsibilities specified in clauses (d) and (e) of Section 1 of Article III of this Agreement.

  • Electronic Subcontracting Reporting System (eSRS) means the Governmentwide, electronic, web-based system for small business subcontracting program reporting. The eSRS is located at http://www.esrs.gov.

  • Water control structure means a structure within, or adjacent to, a water, which intentionally or coincidentally alters the hydraulic capacity, the flood elevation resulting from the two-, 10-, or 100-year storm, flood hazard area limit, and/or floodway limit of the water. Examples of a water control structure may include a bridge, culvert, dam, embankment, ford (if above grade), retaining wall, and weir.

  • Traffic control signal means a device, whether manually, electrically, or mechanically operated, by which traffic is alternately directed to stop and permitted to proceed.

  • Internal floating roof means a cover or roof in a fixed-roof tank that rests upon or is floated upon, the liquid being contained, and is equipped with a closure seal or seals to close the space between the roof edge and the tank shell.

  • Safeguards Monitoring Report means each report prepared and submitted by the Borrower to ADB that describes progress with implementation of and compliance with the EMP and the RP, including any corrective and preventative actions;