Book traversal links for Article 32
Article 32
Effective from 2022-04-26 - Oct 22 2022
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The Company shall: | |
1. | Establish a compliance department or function, and assign a head of compliance reporting directly to the audit committee. Moreover, the audit committee shall raise their views about compliance reporting to the board. |
2. | Develop a written compliance policy to set out the functions, tasks and responsibilities of the compliance department and determine compliance programs and relevant processes. The compliance policy must be approved by the board. The audit committee, must ensure the implementation of the policy, evaluate its effectiveness, update it and propose the necessary amendments on an annual basis. |
3. | Take the necessary procedures to ensure the implementation of the compliance policy referred to in Paragraph (2) of this Article. |