Examples of Fortis Group in a sentence
The Fortis Group had also initiated enquiries of the management of the entities in the Fortis Group that were impacted in respect of the matters investigated by the external legal firm.
Significant findings, amongst others, highlighted the placement of inter-corporate deposits and existence of possible related parties connected with former controlling shareholders of Fortis which may require appropriate reassessment by Fortis Group on the claims from, or transactions with, such parties.
He finally left the Fortis Group to start “The Directors’ Office”.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.” Actions taken to address the qualified opinion The Board of Fortis has initiated additional control procedures and had appointed Ernst & Young LLP, India, to conduct enquiries of certain entities and transactions in Fortis Group (the “Project”) that were impacted in respect of the issues raised in the qualified opinion with a view of closing them.
Between 2007 and 2008, Fortis N.V. (after 30 April 2010, Ageas N.V.), a company incorporated under the laws of The Netherlands and Fortis S.A./N.V. (after 30 April 2010, Ageas S.A./N.V.), a company incorporated under the laws of Belgium (the Fortis Group or Ageas) engaged in certain activities which, following certain allegations, would have violated Belgian and Dutch laws and regulations (the Events).
Without limiting the foregoing, if any director, officer or employee of the Fortis Group is appointed to any board or committee of a Subsidiary of ITC Investments, then the RH Directors and the Independent Directors shall also be appointed to the same such board or committee.
Accordingly, to ensure transparency and fairness throughout the entire process of undertaking related party transactions, with a view to safeguard the Company’s interests, Fortis has adopted the RPT SOP for the Fortis Group.
Significant findings, amongst others, highlighted the placement of inter- corporate deposits and existence of possible related parties connected with former controlling shareholders of Fortis which may require appropriate reassessment by Fortis Group on the claims from, or transactions with, such parties.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.” Actions taken to address the qualified opinion The Board of Fortis has initiated additional control procedures and had appointed Ernst & Young LLP, India, (“EY India”) to conduct enquiries of certain entities and transactions in Fortis Group (the “Project”) that were impacted in respect of the issues raised in the qualified opinion with a view of closing them.
Annex 4 shows the structure of the Fortis Group as it was up until the end of September 2008.