An appropriate governance structure
Our executive management teams define the key principles that govern these systems, and provide the supervision required to ensure that they are effectively implemented. Our business ethics and compliance system are overseen by the Group General Secretary, who is also a member of the Management Committee.
The Compliance Department reports directly to the Committee, and has responsibility for formalizing and implementing policies, procedures and other formal frameworks and guidelines. It also contributes to training initiatives designed to further strengthen the shared culture of business ethics and compliance throughout the Group. Its work is informed by a network of representatives working in the main entities and operating countries of the Group.
All operational and central services departments are involved in implementing and ensuring compliance with those procedures as the apply to their specific areas of activity.
The Group Audit Department has responsibility for ensuring system compliance, and provides the executive management teams with regular progress reports and updates.