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Nexans is very attentive to risk management and strives to continually improve its procedures. The Internal Audit Department and Risk Management Department work in close cooperation with each other. Several committees, in particular the Disclosure committee, have been created to identify and monitor the main risks.
Since 2008, the Risk Management Department has reinforced its approach by first, identifying the Group’s major risks, and second rolling-out a risk-mapping tool in all countries with strong involvement from local management.
In addition, a crisis management procedure was defined and put in place.
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