The Board of Directors is responsible for the oversight of the Company’s systems of internal control, for reviewing their effectiveness at least annually and for reporting on the effectiveness of controls in the Company’s Annual Report and Accounts.
The Audit Committee has oversight over the internal and external auditors and actuaries. Executive Management is responsible for the implementation and satisfactory maintenance of systems of internal controls over financial reporting and for compliance with laws and regulations.
Every employee is responsible for internal control and is informed of their role through detailed job descriptions, policies and procedures manuals and communications from Executive Management and the Board of Directors.
The Company’s systems of internal control consist of the five interrelated components which can viewed by clicking on the link below: