Compliance report

Blue Label’s compliance function oversees the discharge of legal and regulatory responsibilities. The function monitors, assesses, researches and reports on the regulatory environment in which the Group operates. The compliance function reports to the Audit, Risk and Compliance Committee.

The process of compliance reporting encompasses:

  • identifying and prioritising all acts and regulations at a national level applicable to Blue Label;
  • incorporating regulatory requirements into control measures such as standard operating procedures or processes, manuals or policies;
  • recommending corrective measures or steps to ensure compliance; and
  • monitoring compliance through the adequacy and effectiveness of control measures, which includes the use of best industry practice compliance tools and active involvement by Blue Label’s internal auditors to actively monitor and manage each business units’ compliance against regulations on a continual basis.

There have been no material instances of non-compliance by the Group or its Directors during the past financial year.