EXCELLENCE POLICY - RISK POLICY

POLICY OF EXCELLENCE

At COCESNA We Are All Excellence!

We work to provide air navigation services, aeronautical training, aviation safety and other related services, in a safe, reliable and quality manner, therefore we are committed to apply:

    1. Follow-up and Satisfaction: Meeting the relevant requirements and expectations of the various stakeholders.
    2. Measurement and Improvement: Ensuring compliance with goals and continuously improving our management system processes.
    3. Analysis and Attitude towards achievement: Acting positively and timely to achieve the objectives.
    4. Evaluation and Excellence: Adopting the best work practices to obtain superior quality levels.

CORPORATE RISK MANAGEMENT

The Risk Management Policy establishes the commitment and action framework for comprehensive risk management at the corporate level and defines the acceptable risk appetite that COCESNA will strive to maintain.

In its application, it must maintain a comprehensive risk management whose scope encompasses a focus on business risk, operational risk, project risk and SMS, in order to achieve its strategic plan and objectives defined at the relevant levels in the short, medium and long term.

For this purpose, continuous improvement and strengthening of the culture, capabilities and good practices in Risk and Opportunity Management are promoted.

COCESNA’s commitment is to integrate efficient risk management practices into all of the organization’s activities to improve corporate decision making and the achievement of its objectives, strengthening internal control and the development of a risk-based thinking culture.

COCESNA MANAGEMENT SYSTEM (CMS) ISO 9001:2015 CERTIFICATES

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VIEW ENGLISH CERTIFICATE

According to the "ERM-COSO Integrated Framework", enterprise risk management provides the organization with the following capabilities:

  • Align accepted risk and strategy: In its evaluation of strategic alternatives, management considers the risk accepted by the entity, establishing the corresponding objectives and developing mechanisms to manage the associated risks.

  • Improve risk response decisions: Corporate risk management provides rigor in identifying risks and selecting among possible risk response alternatives: avoid, reduce, share or accept.

  • Reduce operational surprises and losses: Entities are able to improve their ability to identify potential events and establish responses, reducing surprises and associated costs or losses.

  • Identify and manage the diversity of risks for the entire organization: Each entity faces multiple risks that affect different parts of the organization and enterprise risk management facilitates effective and integrated responses to the interrelated impacts of these risks.

  • Taking advantage of opportunities: By considering a wide range of potential events, management is in a position to proactively identify and take advantage of opportunities.

  • Improve capital endowment: Obtaining sound risk information enables management to effectively assess overall capital needs and improve capital allocation.

  • Improve Staffing: Acting throughout the entire process of human talent management, selection, hiring, induction, training and evaluation of personnel; it also enables officers and staff to be trained in the use of risk management techniques and tools for the achievement of their individual job objectives.