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 responsible for our program design (including relevant policies and procedures), implementation, risk assessment work, monitoring, training, incident response, continuous program improvement and related reporting to our Lead Team and Board.
Our Legal team (with assistance from our Business Integrity team) also investigates any identified actual or potential breach of our competition law compliance requirements. Our internal reporting processes also 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 FY19, South32 was not identified in any legal actions pending or completed regarding anti-competitive conduct and related breaches of competition laws.