{"id":5244,"date":"2025-05-06T11:22:51","date_gmt":"2025-05-06T09:22:51","guid":{"rendered":"https:\/\/geschaeftsbericht-2024.pcc.eu\/group-management-report\/internal-control-system-and-risk-management-in-relationto-the-ongoing-control-of-affiliates\/"},"modified":"2025-05-20T15:36:37","modified_gmt":"2025-05-20T13:36:37","slug":"internal-control-system-and-risk-management-in-relationto-the-ongoing-control-of-affiliates","status":"publish","type":"page","link":"https:\/\/geschaeftsbericht-2024.pcc.eu\/en\/group-management-report\/internal-control-system-and-risk-management-in-relationto-the-ongoing-control-of-affiliates\/","title":{"rendered":"Internal control system and risk management in relation to the ongoing control of affiliates"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"5244\" class=\"elementor elementor-5244 elementor-570\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7949d6c e-flex e-con-boxed e-con e-parent\" data-id=\"7949d6c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-01a27e6 elementor-widget elementor-widget-text-editor\" data-id=\"01a27e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tPCC SE controls its affiliates on the basis of a rolling three-year planning\nregime, with the budget for the current fiscal year being reviewed\ntwice annually. Any necessary adjustments are documented\nin Forecast I or Forecast II, as the case may be. However, the original\nbudget remains the point of reference for the ongoing interim\nreporting of the individual companies. The binding submission\ndates for budget planning, Forecast I and Forecast II, and also for the\nindividual monthly reports, are communicated and agreed for the\nfollowing 12 months at the end of each fiscal year on the basis of a\nGroup-wide reporting calendar. <br><\/br>\n\nThe ongoing performance of the individual affiliates is the subject of\nregular review meetings. These are attended not only by members\nof the Group financial control and performance management teams\nbut also by members of the associated departments of the individual\naffiliates or business areas and the senior management of PCC SE,\ntogether with the representatives of the management or executive\nbody of each individual business unit and entity. The members of\nthe Executive Board and of the Supervisory Board of PCC SE also\nperform supervisory board duties at various affiliates. Both within\nthese oversight bodies and in the aforementioned review meetings,\nany deviations from budget at the affiliates and business units are\ndiscussed and countermeasures considered. The implementation of\nthe latter is the responsibility of the local management in each case.    <br><\/br>\n\nAided by a Treasury Information Platform available throughout the\norganization, PCC SE also continuously reviews developments in relation\nto the liquidity situation and exposure to foreign exchange\nfluctuations within the Group. Aside from weekly cash flow reports,\nthe Group Controlling department also prepares a six-month liquidity\nplan \u2013 updated at the beginning of each month \u2013 on the basis\nof the data and information submitted. Liquidity planning at PCC SE\nis undertaken by senior management with a 24-month horizon in\nrespect of bond financing. The information is then made available to\nthe Supervisory Board. Fluctuations in liquidity and temporary cash\nrequirements in the individual business entities and segments can\nthus be quickly identified and then resolved within the Group.   \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>PCC SE controls its affiliates on the basis of a rolling three-year planning regime, with the budget for the current fiscal year being reviewed twice annually. Any necessary adjustments are documented in Forecast I or Forecast II, as the case may be. However, the original budget remains the point of reference for the ongoing interim [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"parent":5120,"menu_order":6,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-5244","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/geschaeftsbericht-2024.pcc.eu\/en\/wp-json\/wp\/v2\/pages\/5244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/geschaeftsbericht-2024.pcc.eu\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/geschaeftsbericht-2024.pcc.eu\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/geschaeftsbericht-2024.pcc.eu\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/geschaeftsbericht-2024.pcc.eu\/en\/wp-json\/wp\/v2\/comments?post=5244"}],"version-history":[{"count":3,"href":"https:\/\/geschaeftsbericht-2024.pcc.eu\/en\/wp-json\/wp\/v2\/pages\/5244\/revisions"}],"predecessor-version":[{"id":5687,"href":"https:\/\/geschaeftsbericht-2024.pcc.eu\/en\/wp-json\/wp\/v2\/pages\/5244\/revisions\/5687"}],"up":[{"embeddable":true,"href":"https:\/\/geschaeftsbericht-2024.pcc.eu\/en\/wp-json\/wp\/v2\/pages\/5120"}],"wp:attachment":[{"href":"https:\/\/geschaeftsbericht-2024.pcc.eu\/en\/wp-json\/wp\/v2\/media?parent=5244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}