383. A company should understand the context of the law within which it does its business and how other applicable laws interact with its business.

384. Compliance with applicable laws, rules, codes and standards should be pro-actively and systematically managed. Compliance issues should be regular items on the agenda of the Board even if this responsibility was delegated to a separate committee or function within the company.

385. The Board has a duty to take the necessary steps to ensure the identification of the laws, rules, codes and standards applicable to the company, its stakeholders and its business.

386. The Board should be informed of applicable laws, rules, codes and standards and any changes to them as part of their induction and ongoing training and education.

387. Management should develop a compliance policy for the approval of the Board and be responsible for implementing the policy and reporting to the Board regarding compliance.

• According to the NATIONAL CODE ON CORPORATE GOVERNANCE ZIMBABWE