Governance of Compliance
The Board of Directors is responsible for supervising and requirements, aiming to ensure growth in the Compliance Program's maturity. These activities and requirements are concrete and measurable and are reported internally on a quarterly basis, and they can be tested on their effectiveness. Through this annual agenda, compliance controls are continuously developed and enhanced for effectiveness.
Management of OpCos and staff departments are responsible and accountable for raising compliance awareness within their respective businesses and departments and are supported by a Local Compliance Officer. The Local Compliance Officer reports to both operations management and to Fertiglobe's Compliance Officer on the implementation of the Compliance Framework in daily operations and any compliance incidents or issues. Additionally, the Audit Committee receives a Quarterly Compliance Report on the progress of corporate compliance projects and developments within the Group, as well as on the status and outcome of compliance incidents and investigations.
At the start of every year, the Fertiglobe Compliance Officer, in collaboration with OpCo management, sets the annual compliance agenda. The agenda consists of continuous and new compliance activities.