The SEA organization is structured into various departments and staff functions, each of which respectively subject to the control of the Chairman, the Chief Corporate Officer, the Chief Operating Officer and the Chief Financial and Risk Officer.
Departmental structure at 31-12-2017
* An Enterprise Risk Management (ERM) function reporting to the CFRO was established and the Finance, Risk Management and Investor Relations Department was renamed the Finance and Insurance Department with effect from January 9, 2018.
SEA has adopted a Steering Process as an operating and control management method which, through the cross and inter-departmental involvement of the operating management and staff of the Company, seeks to achieve the business objectives and strengthen the team spirit.
The steering process is divided into five committees:
This develops the company strategic objectives and oversees the implementation of consequent actions, ensuring also the management of any disclosure and authorisational process established by the governance model.
Monthly Round Table
It analyses the key development and/or investment themes and projects for the main business strategies, while also ensuring that any risks and opportunities are reviewed from a strategic standpoint.
Group Sustainability Committee
It proposes the guidelines for development and the implementation and monitoring of sustainability policies to be integrated into the Group business model.
Group Business Execution and Economics Committee
It examines the performance of the airports in terms of their relative economic, operational, infrastructural and commercial aspects, in addition to ensuring the monitoring of actions undertaken.
The committee also ensures integrated disclosure on the principal economic, financial and administrative topics concerning the management of the Group, developed through the reporting system and the defined disclosure standards, in order to identify the points of attention and to address any corrective actions.
The Board analyses and evaluates the monthly safety performance of airport operations and directly or indirectly related issues/problem areas (also implications on insurance coverage), with the objective to decide upon actions for the resolution of problems identified and the introduction of initiatives for the effective prevention of risks.