52
2016 ANNUAL REPORT
Risk Management
Internal Control System
Control Environment
RECOPE has an Internal Control System
(SCI in Spanish) of which the purpose is
to promote compliance of its objectives
efficiently and effectively, abiding by the
legal framework and a Risk Assessment
System (SEVRI in Spanish).
In 2016, the Internal Control and Risk
Assessment Unit (UCIVR in Spanish), as
part of the Office of the General Manager,
developed specific activities related
to the five functional components that
compose the SCI: Control Environment,
Risk Assessment, Control Activities,
Information Systems and Follow-up
Activities.
The improvement projects implemented
in 2016 contributed to the increase
in ranking from 89.7 to 91.5 in the
Institutional
Management
Index
designed by the Office of the Comptroller
of the Republic.
With the aim of fostering a positive
attitude towards assessment and
accountability, as well as reinforcing
company core values, the activities
included the following:
•
Awareness and training of
subordinate employees through an
online Internal Control course.
•
Support for the subordinate
employees in risk assessment of
macroprocesses and subprocesses,
and in risk assessment at the level
of heads of departments and project
managers.
•
Implementation of the Management
of Ethics Group work plan that
included:
•
Approval by the Office of
the General Manager of
the management of ethics
indicators.
•
Participation of subordinate
employees in the lectures on
formally reporting corruption
and the criminal liability
of government employees
imparted by officials from the
Ethics and Anti-Corruption
Office (of the Office of the
Attorney General).
•
Renewal of commitment to
values by Senior Management
and employees.
