Endeavour Energy’s Strategic Compliance Plan supports the continual improvement, implementation and measurement of a compliance management framework aligned to the Australian Standard AS 3806–2006: Compliance Programs. The plan’s primary aim is to assist us in focusing on people, processes and systems to support compliance.
The Executive Leadership Team and Audit and Business Risk Board Committee monitor the progress of initiatives in the Strategic Compliance Plan. Regular monitoring and reporting is in place for key legal and regulatory obligations such as Workplace Safety, Retail and Network Licence Compliance and Management Representations. This includes financial compliance and compliance with Statement of Corporate Intent obligations.
Compliance control frameworks are reviewed on an ongoing basis. Subjects for review include the accountabilities of people who have the authority to commit the organisation to expenditure. Non-compliances are reported to the Board.