1. Background and creation of the EB Monitoring and Transparency Body

The Board of Directors conveyed to the Compliance Department the desire to strengthen controls over the management of the Espai Barça project.

A Monitoring and Transparency Body was created for Espai Barça (EB) in October 2022, which is made up of the internal Compliance and Internal Audit areas and an external office specialising in Corporate Governance and Responsibility.

 

  1. Members and duties

With regard to its composition, the body is made up of: firstly, the internal areas of Internal Audit and Compliance, and secondly, the external law firm, Fieldfisher. This firm was chosen under the leadership of the Compliance Area, which followed the Club’s current procurement process.

The inclusion of an external office in this body guarantees independence and objectivity in the evaluation and monitoring of the processes and controls implemented. 

The main functions of the Espai Barça Monitoring and Transparency Body focus on the supervision and implementation of controls in the following areas:

  1. The process of engaging third parties
  2. Financing
  3. Controls related to the coordination of business activities and health and safety during the execution of the works.

Therefore, the Body generates regular reports detailing the procedures reviewed, the risks identified, and the recommendations issued.

 

  1. Reporting to the Board of Directors

The Monitoring and Transparency Body reports periodically to the Board of Directors and those responsible for the Espai Barça Project on the actions carried out.  These reports are essential to ensure that members of the organisation comply with their obligations and to detect opportunities for improvement to further strengthen existing controls.

Força Barça