Compliance Management of Sydney Water Company

SYDNEY WATER COMPANY
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Name
Course
Lecturer
Date

SYDNEY WATER COMPANY
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Background information
An organization that is aiming at being successful in a long-term view has to be strict on
the maintaining a good culture of integrity and maintenance. It should also be considering the
needs and the expectations of its stakeholders. For a sustainable organization, integrity and
compliance are not the only factors but also an opportunity. We can compliance as the result or
the outcome an organization has for meeting its obligation. This is made easy by the organization
embedding in its culture and also the behavior of organizations employees. (Taylor 2014)
Alongside maintaining organization independence it’s become better when organization
integrates compliance management with its financial plan, risks, quality, environmental and
health and safety management process together with its operational requirement s and
procedures. A compliance management system is very crucial since it enables an organization in
demonstrating how it’s committed to complying with the present relevant laws and legislative
requirements, codes binding the industry that the organization belongs to, the set organization
standards and good corporate governance. Using this background, we are going to study the
compliance management of Sydney Company situated in Australia. (sydney 2002)
The Sydney water corporation
This is a water utility company that is known for the provision of water and other water-
related services in Australia. This company provides drinking water, industrial water,
commercial wastewater and also recycled water. It also provides stormwater services. The
corporation was founded in 1999 and its headquarters are in India.
Compliance requirements

SYDNEY WATER COMPANY
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1. Internal compliance requirement
 Safeguarding of the cooperation assets
 Ensuring that the financial information concerning the organization is safe, secure and
reliable
 Ensure that the organization complies with all the financial and the entire operational
requirement.
 Ensure that the organization creates its culture within its environment and that the
culture is safeguarded.
 Set rules and measures to be taken against undesirable performance (Tattam 2003)
2. External compliance requirement
The main objective of this would be to provide an assurance on that the complying with
all the materials of external requirements and provision of a framework that assists in the
achievement of the compliance. In this case of Sydney Company, it will entail:
 An implemented process that can be used continuously to review both local and
international laws.
 Evaluation procedure on water-related policies
 Plans and procedures for solving any issue arising from an external source.
3. Industry compliance requirements
Compliance effects
a) Areas affected