Octodec operates in a constantly changing and highly regulated environment. Non-compliance with laws, regulations, rules, codes of conduct and standards could result in reputational damage and financial loss.
Octodec is committed to being a responsible and law-abiding corporate citizen. To ensure we discharge our legal and regulatory responsibilities we identify, prioritise, manage, monitor and report on any compliance risk facing us.
We have compliance management software in place that monitors a core selection of legislation that applies to Octodec. Controls have been developed to minimise our risk.
The City Property legal department is also mandated to assist Octodec in discharging its legal and regulatory responsibilities. The department regularly reports to the risk and audit committees and annually to the board.
Octodec will continue to maintain its vigilance to ensure it effectively discharges its legal and regulatory responsibilities.