In 2020, we took an important step in structuring the corporate risk management process. We mapped several risks to which the company is exposed in all spheres, from its operation to risks related to the financial, image and climate aspects. These risks were included in a matrix and prioritized for monitoring the company's management.
The integrated process for the management and periodic monitoring of risks has already been set up and will be incorporated into the procedures and the company's Corporate Risk Management Policy. In 2021, our goal is to put this process into practice and implement the Corporate Risk Management Policy, approved by the Board of Directors.
We are also working on structuring the statutory Audit Committee, which will advise the Board of Directors. In addition, we will implement the Internal Audit area, which will act independently to assess the risk management model and systems, following an annual work plan previously approved by the leaders.
Another evolution related to risk management was the creation of the Internal Controls area, responsible for assessing and monitoring the processes and information flow within the company.