Accomplishments related to the System of Internal Entrepreneurial Control

The Administration supported efforts aimed at strengthening the System of  Internal Entrepreneurial; for that, during 2007, specific projects aimed at contributing to continuous improvement in this area were carried out.

Some of the accomplishments follow:

• Communication of organizational values that are driven through the Commission of Values, Ethics and Transparency, coordinated by the Presidency.

• Formulation and adoption of an organizational structure that is designed to effectively support the attainment of organizational goals.

• Training of three officials in the Comptroller General of the Republic as instructors-facilitators in the Specific System of Risk Assessment.

• Organization of lectures about the Specific System of Risk Assessment aimed at subordinates and other officials of the Company.

• Identification, analysis and risk assessment of the substantive process of RECOP (importation, refinery, distribution and sale) starting from the critical risks validated y the Board of Directors. 

• Implementation of the corrective actions generated by the risk assessment.

• Strengthening of the strategic framework through the adoption, by the Board of Directors, of a series of institutional policies and management indicators. The Press Office was responsible for communicating internally corporate policies.

• Communicating of information related to internal control, by the Press Office, using “information capsules”.

• Review and establishment of actions to improve the Specific System of Risk Assessment (SEVRI).

• Update textbooks, instructional procedures and internal control to facilitate the Standard operation, reducing dependence on a single staff member and encouraging the revision of the relation cost-effectiveness of existing controls.

• Review and documentation of the process of donations of the Company.

• Review and establishment of measures to improve the process of resolutions issued by the Manager of Administration and Finance, taking into account the recommendations issued by the Labor Relations Board.

• Strengthening of the Central Archive thanks to approval by the Board of policies breakthrough in the treatment of information for the implementation of SIDIDOC and preparation of the staff on the topic of archiving. 

• Review of the content and duration of lectures given to contractors on the subject of safety in the refinery.   

• Signaling of key areas in the refinery.

• The strengthening of the internal control system has improved processes in each one of the areas, through the implementation of corrective actions that have been generated in the self-evaluations and risk assessment.

• The strengthening of the system is intended to help with the care of public funds that are managed and with the protection and preservation of the patrimony of RECOPE.