Aviabel pays considerable attention to risk and compliance. Our compliance officer is responsible for Aviabel's compliance with the regulations on corporate governance, risk management and internal audit. Aviabel sets down all procedures in documents.
These include, among others:
- the precise responsibilities of the Board of Directors, the Audit, Risk and Remuneration Committee (ARRC) and the executive management, as well as all procedures in relation to reporting.
- the ARRC committee charter, which sets out the duties and responsibilities of the Board committees.
- our risk policy and risk strategy, including a statement on Aviabel's "risk appetite".
Each year our Board of Directors manages the policies in the areas of governance, risk management and compliance and refers in this process to recognised best practices. The Board of Directors also gives regular feedback to the executive management and makes the necessary recommendations.