The Risk Management team uses a risk management cycle to determine how targets are set and achieved. In this annual report, we describe the risk management of the management organisation.

Bouwinvest has an independent compliance function that identifies, assesses and monitors the company’s compliance risks and advises and reports on same.

The Board of Directors has issued an in control statement on the financial reporting risks and strategic and operational risk management at Bouwinvest.

Bouwinvest Real Estate Investment Management B.V. (‘Bouwinvest’ or ‘the company’), domiciled in Amsterdam, is a private company with limited liability incorporated on 9 October 2002.

The movement in the participations and loans recognised in the financial fixed assets that do not belong to the group are as follows: