The Group risks incurring penalties, damages, claims and reputational damage arising from failure to comply with legislative or regulatory requirements across many areas including, but not limited to, trading, Health and Safety, employment law, data protection, Bribery Act, advertising, human rights and the environment.
How we mitigate
- Policies and codes of practice are in place outlining mandatory requirements within the business for all key compliance areas. These are regularly reviewed and updated
- Operational management are also responsible for liaising with the Company Secretary and external advisers to ensure that potential issues from new legislation are identified and managed
- Dedicated Group Health and Safety function to oversee this aspect of compliance
- Training on the requirements of the Bribery Act and Competition Law is in place for all relevant colleagues and policies are communicated to all suppliers
- We have a whistle-blowing procedure and helpline which enables colleagues to raise concerns in confidence
- Monthly Board report on Health and Safety.
- Health and safety reviewed in depth by the Board at least annually.
- Non-compliances reported by the Company Secretary by exception.
Progress in 2016/17
- Implementation plan adopted for the General Data Protection Regulation
- Compliance policies and controls at Worldstores Group brought in line with Dunelm standards
- Training on Modern Slavery Act completed by all senior managers, and Modern Slavery statement published
- Health and safety policies and audit procedures strengthened through more focused audits and user-friendly training