Internal Control standard
On May 20, 2005 the Colombian National Government issued Decree 1599, through which Colombia adopted the Internal Control Standard MECI1000:2005 that introduced management directives to be adopted, in turn, by the legal representatives of the State agencies.
2011 Law 1474 of the Anti-corruption Statute, Article 9 provides that every four months the Internal Control Office must publish a detailed status report on the Company’s Internal Control System on the Company website.
INTERNAL CONTROL SYSTEM ASSESSMENT REPORT
- Internal Control System Status at February 2012