The responsible management initiates suitable counter-measures that are also documented in the reporting system for each risk identified and assessed as material. The identified risks are monitored and consolidated at corporation level by the compliance and risk committee which reports regularly to the Executive Board and recommends additional actions where necessary. The Executive Board discusses and resolves these measures, and reports to the Supervisory Board’s Audit Committee. The responsible bodies continually monitor the development of all identified risks and the progress of actions initiated. Regular audits of the risk management process by the internal auditors guarantee its efficiency and further development