The Board of Directors has issued an in control statement on the financial reporting risks and strategic and operational risk management at Bouwinvest. The Board of Directors is responsible for proper risk management and internal control systems, as well as for the assessment of the effectiveness of same. On the basis of its assessment of the risk management and internal control systems, the Board of Directors believes that these systems provide a reasonable level of assurance that the financial reports contain no material errors. In general, the risk management and internal control systems functioned properly in 2017 and there is no indication that these systems will not function properly in 2018. We did not identify any shortcomings that could have a material impact in these systems in 2017, nor up to the date this annual report was signed in 2018.
Furthermore, we did not identfiy any deficiencies in the internal control systems that could have a material impact on operational and compliance risks, nor on the financial reporting function and the functioning of the internal and external auditors.