Good governance and responsible business practices
In recent years, De Watergroep has undergone major changes as it grew into an integrated water cycle company with a strong local embedding. In this process, special attention was paid to the optimal integration of the principles of good governance and responsible business practices.
Audit committee and internal audit
Within the Board of Directors, an Audit Committee is active to assist the Board in its supervisory function. The Audit Committee has unrestricted access to all information and personnel of the company and may dispose of all resources it deems necessary to perform its task.
The Internal Audit department operates autonomously and independently. The Head of Internal Audit is appointed by the Board of Directors on the recommendation of the Audit Committee, and reports directly to the President of the Audit Committee.
The internal auditor identifies the major business risks and examines whether adequate internal audit mechanisms are in place to mitigate those risks. He then checks whether the audits are effectively implemented and provides appropriate advice.
Good and transparent governance
De Watergroep regularly performs a critical assessment of the functioning of its Board of Directors. To this end, it works with Guberna, the Institute for Directors, which assesses the existing governance structures and processes against the relevant principles of good governance.