Company: AEGOF
Filing Date: 2025-05-16
Form Type: 6-K
Source: 0001193125-25-121236
Chunk: 26

Company: AEGON LTD.
Filing Date: 2025-05-16
Form: 6-K
Chunk 26
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 Capital Update and related dividend proposals are shared with and discussed in the Group Risk & Capital Committee. All of the above is evidenced and documented in Aegon’s annual GSSA report. Quarterly reports are produced internally that document the performance against Budget throughout the year. The GSSA report is targeted primarily at the Group Risk & Capital Committee, CEO meeting and Board of Directors as key approval bodies. However, the concepts of GSSA are business wide and all senior management engage with the GSSA process in developing business plans that are aligned with Aegon’s overall risk and capital strategy. The CEO approves and signs off the annual (and any non-regular)GSSA reports. B.4 Internal controls B.4.1 A description of the internal control system Aegon has developed an internal control system that serves to facilitate its compliance with applicable laws, regulations, and administrative processes, and the effectiveness and efficiency of operations with regard to its objectives, in addition to the availability and reliability of financial and non-financialinformation. The overall internal control system ensures appropriate control activities for key processes and the documentation and reporting of administrative and accounting information. A key element of the internal control system is to facilitate action planning and embed continuous improvement regarding the internal control environment throughout the organization. The internal control system is embedded through policies and frameworks such as ERM Framework, Model Validation Framework, Operational Risk Management (ORM) Framework, and Information Technology Framework. Aegon’s internal control system is considered more encompassing in scope than the Internal Control-Integrated Framework (ICIF) issued by COSO on which criteria for the internal control system are based. The internal control system was developed in accordance with regulations that Aegon must comply with (i.e. Sarbanes-Oxley Act or financial regulations). Aegon’s control activities should assure an adequate level of internal control over Aegon’s objectives and in particular compliance, operational and financial reporting objectives including the production of IFRS numbers. The objective is to provide assurance regarding the reliability, accuracy, completeness, timeliness and quality of internal and external (regulatory) reporting, the safeguarding of assets, and compliance with internal and external requirements. As part of the internal control system, a financial reporting internal control framework has been established supported by Aegon’s Group Sarbanes-Oxley methodology. For more information about Aegon’s internal control framework, reference is made to the next paragraphs. Furthermore, Aegon’s internal control framework includes a Compliance Function, which