Monitoring and Assurance
Divisional and global business unit presidents and all functional heads are required on an annual basis to certify that the businesses/functions they are responsible for have implemented and complied in full with Group policies or declared any exceptions.
This certification forms an integral part of the Group’s system of internal controls. No material exceptions were declared in respect of 2018.
Morgan’s internal audit function monitors adherence to key Ethics & Compliance processes including completion of induction training and compliance with key policies. Internal audit also ensures that the ethics hotline and its availability are adequately promoted at site level.