Governance and Management System

 

 

 Scheme of Governance and Management System

In compliance with Article 48 of Commission Delegated Regulation (EU) 2017/392 supplementing Regulation (EU) No 909/2014 of the European Parliament and of the Council with regard to regulatory technical standards on authorisation, supervisory and operational requirements for central securities depositories, CDCP has established the following committees:

  • Risk Committee is the advisory body of the Board of Directors that provides it with  recommendations and opinions on all issues related to risk management mainly with regard to position of CDCP on current and future risks to which it is or possibly it might be exposed or risks coming from CDCP to which the participants, issuers and other entities to which CDCP is providing its services or which it is linked with might be exposed.  
  • Audit Committee is an independent expert advisory body of the Supervisory Board of the company which purpose is to help the Supervisory Board to perform its control duties mainly with respect to financial statements, audit process (internal and external audit) and internal control system.
  • Remuneration Committee is an independent expert advisory body of the Supervisory Board and Board of Directors which purpose is to propose, control and assess remuneration of the employees of CDCP and members of its bodies. It is tasked with adopting recommendations or opinions.