Competition laws prohibit anti-competitive conduct by companies and individuals. We compete fairly, ethically and comply with applicable competition laws across the globe. We also actively engage and co-operate with competition authorities.
As part of our commitment to act ethically, responsibly and lawfully, we operate a risk-based competition law compliance program.
Our Legal team is primarily responsible for our competition law compliance program design (including relevant policies and procedures), implementation, training, incident response, continuous program improvement and related reporting to our Lead Team and Board.
Our internal reporting processes involve informing our Risk and Audit Committee of any material competition law compliance concerns, including any material breaches of our applicable policies and procedures.
Our competition law compliance program includes training for identified employees in higher risk roles and requires them to complete our competition law training requirements.
During FY20, South32 was not aware of any legal or regulatory actions commenced, continuing or completed against it regarding breaches of competition laws.