Good corporate governance plays an essential role in managing corporate risk. Primarily, it is designed to identify, manage and mitigate the risks that face companies operating in a multitude of countries and cultures. The Basel Institute regularly provides compliance advice to a wide range of industries and companies. 

In the case of LafargeHolcim, one of the world’s leading multinational companies in the construction and building materials industry, with a presence in some 90 countries, the Basel Institute is providing the company tailored support in the development and implementation of its internal compliance program. 

In an interview for our Annual Report 2015, Laurie Waddy, Head of Group Compliance at LafargeHolcim speaks about the importance of an effective compliance program for her company:

Operating to global standards at all times, everywhere in the world, is important to LafargeHolcim and to our customers. Maintaining those standards is critical and it is an expectation of many stakeholders that an MNC like LafargeHolcim will have an effective compliance organization empowered to ensure the consistent application of the program throughout the Group. Equally critical is the strong messaging from the leadership in the organisation that compliance is not only a priority but part of our license to operate. 

Read the full interview in the 2015 Annual Report.