Aviva 2009 Annual Report Download - page 99

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Aviva plc Risk and Regulatory committee report continued
Annual Report and Accounts 2009
— Fraud and financial crime: the Committee maintained
regular oversight of compliance with controls against
financial malpractice including fraud, and of the
arrangements for employees to report in confidence any
concerns about lack of probity (whistleblowing).
— Internal controls: the Group’s internal audit function
provided the Committee with independent and objective
assurance over the appropriateness, effectiveness and
sustainability of the Company’s system of internal controls.
Key control issues reported by Group internal audit to
management and to the Committee members were
monitored on a quarterly basis until the risk exposure had
been properly mitigated.
During the year the Committee held two joint meetings with
the Audit Committee and one with the members of the
business unit audit committees in the Asia Pacific region.
The chairman of the Committee reports at the subsequent
meeting of the Board on the Committee’s work and the Board
receives a copy of the minutes of each meeting of the
Committee.
In line with the Combined Code requirement, the Board
undertook a review of the effectiveness of all its committees
during the year, including the Risk and Regulatory Committee.
This report was reviewed and approved by the Board on
3 March 2010.
Mary Francis
Chairman, Risk and Regulatory Committee
Performance review
Corporate responsibility
Governance
Shareholder information
Financial statements IFRS
Financial statements MCEV
Other information
Governance