Risk Management and Internal Control
Risk Management and Internal Control is at the heart of any effective management control system. It aims to identify and manage risks threatening TenneT's strategic and operational objectives, as well as enhance the control we have over our day-to-day processes.
Key objectives of the Risk Management and Internal Control system are to ascertain on:
- Adequate management of risks that could affect TenneT’s objectives from a strategic, operational, process and project related perspective;
- Compliance with any applicable laws and regulations (e.g. the Dutch Corporate Governance Code; the German Control and Transparency in Business Act; and the German Accounting Law Reform Act);
- The reliability of external and internal financial and non-financial reporting.