As part of the first line of defense – functional control performed by:
- lower and middle level management,
- the Group’s other personnel.
Three Line Defense Model
In order to ensure safe functioning of the organization, the so-called Three Line Defense Model is in place at TAURON Group and it constitutes an internal control system. It includes:
As part of the second line of defense – independent control performed by the following functions:
- risk management,
- compliance assurance,
- safety assurance,
as part of the third line of defense – institutional control performed by the internal audit.
The results of the Internal Audit Team’s activities are reported directly to the senior management and the Audit Committee/Supervisory Board. The way the so-called Three Line Defense Model is organized is illustrated in Figure below.
