Group internal control system definition

Group internal control system means the set of rules, functions, structures, resources, processes and procedures that enable the parent company to carry out the strategic, management and technical and operational control.
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Group internal control system means the set of rules, functions, structures, resources, processes and procedures that enable the parent company to carry out:
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Examples of Group internal control system in a sentence

  • The Committee’s main task is to evaluate the adequacy and efficacy of operation of the Company and Group internal control system and risk management, and then to report on this to the Board of Directors.

  • B.4 Internal Control System BHIIL has adopted the Group internal control system.

  • BOARD RESPONSIBILITY The Board acknowledges that it is responsible for the Company and its subsidiaries’ (“Group”) system of internal control and the review of its adequacy and integrity of the Group internal control system.

  • When 100 EDLC units with 350 F for each EDLC are connected in series, the total capacitance is 3.5 F which is matched with Ctot, the calculated total capacitance of EDLC.

  • Tosei will quickly prepare a strict Group internal control system based on the permissions acquired by subsidiaries under Article 6 of the former Investment Trust Law; also, the Tosei Group, including subsidiaries, will quickly make necessary registrations, including for investment management businesses.

  • Austrian Post’s Group internal control system (ICS)makes use of process-integrated measures, mechanisms and controls in its organisation and technical processes.

  • Based on the reports from the outsourced internal control auditor and the Audit Committee, the Board considers the Group internal control system and risk management is adequate and effective and the Group has complied with the provisions on internal controls and risk management as set out in the CG code.Internal ControlThe Group’s has outsourced the internal control systems auditing function.

  • The "Group Directive regarding the Internal Control System," approved by the Board of Directors in its meeting of 23 November 2008, governs the governance model the of the Montepaschi Group internal control system.

  • Learner Communication skills (27.02 %) are also important as it enhances collaboration (CLS).

  • Through such measures, the Bank seeks to maintain frameworks which facilitate an appropriate Group internal control system.

Related to Group internal control system

  • Internal control means a process effected by an entity's governing board, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

  • Internal combustion engine or ‘engine’ means an energy converter, other than a gas turbine, designed to transform chemical energy (input) into mechanical energy (output) with an internal combustion process; it includes, where they have been installed, the emission control system and the communication interface (hardware and messages) between the engine's electronic control unit(s) and any other powertrain or non-road mobile machinery control unit necessary to comply with Chapters II and III;

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • Control system means a system for controlling the light output of a Luminaire, including:

  • Internal Controls has the meaning set forth in Section 4.07(d).

  • Emission control system means the electronic engine management controller and any emission related component in the exhaust or evaporative system which supplies an input to or receives an output from this controller.

  • Vapor control system means a system that prevents release to the atmosphere of gasoline vapors in excess of 80 milligrams per liter of gasoline loaded (4.7 grains per liter).

  • Inventory control system means a system described in Section 4-41a-103.

  • Internal Control Event means a material weakness in, or fraud that involves management or other employees who have a significant role in, the Company’s internal controls over financial reporting, in each case as described in the Securities Laws.

  • Beam monitoring system means a system designed and installed in the radiation head to detect and measure the radiation present in the useful beam.

  • Fraud Monitoring System means an off-line administration system that monitors suspected occurrences of ABT- related fraud.

  • Monitoring System means a system established by BNY to fulfill the Responsibilities specified in clauses (d) and (e) of Section 1 of Article III of this Agreement.

  • Electronic Subcontracting Reporting System (eSRS) means the Governmentwide, electronic, web-based system for small business subcontracting program reporting. The eSRS is located at http://www.esrs.gov.

  • Water control structure means a structure within, or adjacent to, a water, which intentionally or coincidentally alters the hydraulic capacity, the flood elevation resulting from the two-, 10-, or 100-year storm, flood hazard area limit, and/or floodway limit of the water. Examples of a water control structure may include a bridge, culvert, dam, embankment, ford (if above grade), retaining wall, and weir.

  • Traffic control signal means a device, whether manually, electrically, or mechanically operated, by which traffic is alternately directed to stop and permitted to proceed.

  • Structural pest control means a use requiring a license under Chapter 14 (commencing with Section 8500), Division 3, of the Business and Professions Code.

  • external engineering service means an engineering service situated outside the boundaries of a land area and that is necessary to serve the use and development of the land area;

  • Internal Costs means as defined in paragraph 1.1 of Schedule 4 (Heads of Expenditure) (and shall, for the avoidance of doubt, not include any revenue costs or capital investment relating to the implementation of any project pursuant to an Annual Business Plan) and excluding Joint Committee Costs

  • Internal floating roof means a cover or roof in a fixed-roof tank that rests upon or is floated upon, the liquid being contained, and is equipped with a closure seal or seals to close the space between the roof edge and the tank shell.

  • air traffic control service means a service provided for the purpose of:

  • State Level Monitoring Cell means the body constituted by the State Government for the control and elimination of ragging in institutions within the jurisdiction of the State, established under a State Law or on the advice of the Central Government, as the case may be.

  • Safeguards Monitoring Report means each report prepared and submitted by the Borrower to ADB that describes progress with implementation of and compliance with the EMP and the RP, including any corrective and preventative actions;

  • Critical control point means a point, step, or procedure in a food proc- ess at which control can be applied, and a food safety hazard can as a result be prevented, eliminated, or reduced to acceptable levels.

  • Performance Monitoring System has the meaning given to it in paragraph 1.1.2 in Part B of Schedule 6 (Service Levels, Service Credits and Performance Monitoring);

  • internal waters means any navigable river or waterway within the State of California.

  • external company means a foreign company that is carrying on business, or non-profit activities, as the case may be, within the Republic, subject to section 23(2);