Legal compliance The Group has implemented a wide Legal Compliance Framework which is designed to increase awareness of the applicable legislation and to provide assurance to the Board that the risks posed by non-compliance with legislative and regulatory obligations are being addressed. The key elements of the framework include: • • •
A comprehensive legal register which is updated on an ongoing basis Divisional legal champions who ensure that their respective divisions monitor and comply with all regulations and legislation Legal compliance prevention and monitoring strategies
The Group attempts to keep up to date with all intended or promulgated legislation through regular interaction with the Group’s corporate attorneys. The audit and risk teams assess significant legal risks and the level of compliance as part of their annual audit activities and reports from the various functions are submitted to the Risk, Audit and Social and Ethics Committees on a regular basis.