Investor Presentaiton
Company Profile/Corporate Governance/Risk Management
Risk Management
The structure of Corporate Governance
at AXTEL comprises business individuals
with a high level of knowledge in the
business field, all of them with expertise
in different industries ensuring that our
enterprise may be guided appropriately
through the identification, assessment
and decision making of key aspects for
our growth. Their expertise enables us, at
the same time, to identify and manage the
potential risks to which we are exposed.
The Internal Auditing area reports to the
General Director and it is the organization
responsible for monitoring the Internal
Control System through which the
-financial and non-financial- business
processes of all the company are
assessed:
• Revenues
• Supply Chain
•
Corporate Governance
• Related parties
• Asset safeguards
• Information Technology
⚫ Law and Regulation Compliance
The Key Risks for our company are
determined through a risk assessment
matrix according to the exposure we have
in regards to the aspects identified and
the likelihood they have in impacting our
transactions.
During 2011 the Internal Auditing area
carried out a review of the Internal Control
System without detecting deficiencies or
material deviations. The most relevant
processes for AXTEL related with the
following subjects were reviewed in this
period:
• Revenue recognition
• Capitalization of in-process projects
• Capitalization of operation expenses
• Inventories
• Service delivery
• Information Technology Strategies
(TI)
⚫ Entity level Controls
In order to ensure the appropriate
management of the potential risks to
which our company can be exposed, we
have identified 49 factors related with the
following aspects:
⚫. Risks related with the company
• Risks related with the
Telecommunications Industry in
Mexico
• Risks related with Mexico
⚫ Risks related with CPOs
• Other risk factors
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