Global has in place a well established compliance culture; one that is based on Basel’s Consultative Document entitled “The compliance function in banks” which was issued on 31 January 2004. It is an independent function (accountable to the Board of Directors) that identifies, assesses, and monitors its compliance risk covering regulatory sanctions, financial loss, or reputation loss which may come as a result of failure to comply with all applicable laws, regulations, and codes of conduct and standards of good practice.

The Compliance Group has designed a generic compliance program to ensure that the company is in compliance with: applicable laws and regulations issued by Central Banks where Global operates; Capital Markets Authorities and Stock Exchanges where Global is listed; reporting and disclosure obligations to the relevant regulators and to investors; ethical handling of conflicts of interest and confidential information.