The remit of Compliance & Operational Risk (COR) includes the assessment of compliance risk and operational risk within EIF. The Head of COR is also responsible for data protection within EIF.
The role of COR, includes:
The revised governance structure of the EIF, implemented in 2008, strengthened the independent position of COR. The financial year 2009 saw a further enhancement of the organisational and procedural framework of COR. As part of its remit to assess public procurement matters, COR is actively involved in the concept and implementation of various calls for expression of interest, ensuring a fair and consistent approach. Finally, COR strengthens the awareness of EIF Staff on compliance-related matters through the organisation of an increased number of training sessions.