It is simply good business practice for a company seeking standards of excellence to introduce a compliance culture, involving all employees at all levels. This has been heightened by recent revelations about corporate mismanagement, fraud and accounting irregularities.
In this article Lise Grobbelaar summarizes the most recent legislation aimed at increasing control over commercial and financial activity and describes how the Allan Gray Compliance team, together with software company StatPro, has implemented a best-of-breed governance system, which provides a single integrated compliance environment.
“Governance system allows the compliance team to focus on resolving breaches and other value-added tasks and ensures that the company as a whole has a clear and concise view of the status of investment compliance at any point in time through ongoing electronic notification.”
-Lise Grobbelaar, Assistant Compliance Officer, Allan Gray Limited