Contrôle interne

The Board is responsible for Rotork’s system of risk management and internal control. The Board’s annual review of the system’s effectiveness is completed with the assistance of the Audit Committee.

During 2020 the Board and Audit Committee regularly considered matters relating to the Group’s risk management and internal control systems. Further details of reports undertaken and reviewed are set out in the Audit Committee report on pages 106 to 107 of the Annual Report.

Main features of the Group’s internal control systems

All Board members receive Audit Committee papers and meeting minutes, which contain the Audit Committee’s annual review of the assessment of the effectiveness of the Group’s risk management and internal control systems. All non-executive directors are members of the Audit Committee and the Chairman and executive directors attend Audit Committee meetings.

Key elements of the control environment, which enable Rotork to respond appropriately to all types of business risks, include:

  • The Rotork Values and behaviours as part of defining One Rotork
  • A Code of Conduct supported by Group-wide policies and procedures, including authority levels and division of responsibilities
  • Training of staff on policies and procedures relevant to their roles
  • Ongoing monitoring of business performance, including Key Risk Indicators
  • A formal schedule of reserved matters for the Board, including responsibility for reviewing Group strategy
  • A formal speak up policy, with an external speak up helpline, the results of which are reported to each Board meeting
  • Defined controls and assurance processes over financial reporting and health and safety procedures