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      Governance
      Compliance Function
      Scope maintains a permanent and effective compliance function, which operates independently. Its role is to advise the credit rating agency and its employees and managers on regulatory requirements, Scope's code(s) of conduct, its policies and internal procedures and to monitor adherence to those rules. The Chief Compliance Officer reports directly to the Management of Scope Ratings and the independent members of the Administrative Board.
      Review Function
      Scope has established a Review Function responsible for periodically reviewing methodologies, models and key rating assumptions. The Review Function also manages necessary changes or modifications thereto and assesses their appropriateness. The Review Function operates independently from both the business lines, which are responsible for credit rating activities, and the Business Development and Commercial department. It reports to the members of the Administrative Board and to the Management of Scope Ratings.