AUDIT

Internal Audit
Corporate Internal Audit is an independent and objective corporate function established to assist management in achieving their objectives. 

The Internal Audit's role is to evaluate and contribute to the continuous improvement of the company’s risk management and control systems. This specifically includes also the analysis and evaluation of the effectiveness of business processes and recommendations for adjustments where necessary. 

The audit approach is based on the business process audit methodology, which provides value to the local entities and to the Group’s management. Effective communication and reporting ensure an efficient implementation of the audit recommendations. Corporate Internal Audit reports to the Audit Committee of the Board of Directors. 

The audit function has been headed since the year 2008 by Laurent Pieren. 

For specific audits of affiliates, staff from Ernst & Young support the internal audit function. 

External Auditors
At the Annual General Meeting of shareholders on 26 March 2009, and in line with best practices in corporate governance, Deloitte SA were newly appointed as Group and statutory auditors of Givaudan SA and its affiliates. The responsible principal auditor is Thierry Aubertin, Partner.