CA Indosuez (Switzerland) SA Annual Report 2022 42 takes into account the reports of the statutory auditors and the audit firm. The audit and risk Committee may request access to any information it deems relevant to the exercise of its duties. It relies primarily on the information provided by the relevant managers, and on interviews or meetings held with the statutory auditors, the auditing firm and the employees that it deems appropriate to meet in the course of fulfillment of its duties. Such meetings or interviews may be conducted without the presence of the relevant managers if they decide to do so. General Inspection is an independent unit of the Operations Division that reports directly to the Board of Directors and the Audit and Risk Committee and is a tool available to them for monitoring and managing risk. It carries out regular checks on the activities of the Bank and its entities and has unlimited access to information for this purpose. It carries out these assignments in accordance with the practices of the profession. Using a methodical and systematic approach, it verifies and assesses risk management and internal control procedures and formulates proposals to increase their efficiency. It may exercise certain prerogatives in collaboration with the corresponding functions of the parent companies. Its organisation, scope of activity and operation are governed by the By-Laws, the Internal Bank’s Regulation and directives approved by the Board. General Inspection is comprised of 13 members (as at December 31, 2022). The Head of General Inspection is appointed by the Board of Directors. Since 1 August, 2022, the unit is headed by Nicolas Picco who succeded to Jean-Paul Bicot. Mr. Picco holds a Master's degree in Finance from EDHEC and a CFA (Chartered Financial Analyst). He began his career in 2005 at Société Générale as an international Internal Auditor, then. In 2009, he joined Société Générale CIB as Strategic Research Officer. In 2012, he joined the Financial Stability Department of the Bank of France as Market Economist. In 2014, he joined the International Activities Group of FINMA's Strategic Services Division as Senior Policy Specialist. He joined the Bank in September 2016 as Lead Manager and added to his scope in April 2022 the responsibility of Global Head of Data Science for the Audit Inspection business line, a function he retains in parallel. The General Inspection prepares a half-year follow-up report on open audit recommendations, as well as an annual report of its activities. General Inspection is supervised and evaluated by the Audit and Risk Committee, which evaluates its effectiveness, verifies that it has the resources and skills it needs and ensures that it carries out its actives independently and objectively as required. It also reviews the relationship that it maintains with the auditing firm and that the information provided to the Board of Directors on an annual basis adequately satisfies their requirements. 2.4. GENERAL MANAGEMENT COMMITTEE 2.4.1. Introduction The Board of Directors decided to adapt and evolve the Bank's operational management governance organization in 2022. This change led to the creation of a General Management Committee and the reorganization of the composition and prerogatives of the Executive Committee, as of December 1, 2022. The General Management Committee thus replaces the Executive Committee since 1 December 2022 as the body responsible for the operational management of the Bank. Its members are responsible for the management, risk monitoring and overall functioning of the Bank. To this end, they rely on a broad management and on various Committees to which the General Management Committee may delegate part of its powers, including in the first place the Executive Committee and its members. The General Management Committee meets in principle on a weekly basis and holds extraordinary meetings if necessary. 2.4.2. Members The General Management Committee comprises 5 members, appointed by the Board of Directors, and is chaired by the Chief Executive Officer.
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