Compliance

Compliance is an important part of governance. Some of Adapt IT’s main compliance focus areas are below.

Adapt IT is Empowered

Empowerment is a key focus area for Adapt IT. Since the law is an important part of ensuring that organisations take empowerment seriously, the company complies with the Broad-Based Black Economic Empowerment Act, its amendments, and any related legislation, codes, rules or policies. Find out more and download Adapt IT's B-BBEEE compliance report and certificate.

Anti-Bribery and Anti-Corruption

The law has a significant role to play in the fight to combat bribery and corruption. Adapt IT, therefore, follows international best practice and comply with various laws, including the Prevention and Combating of Corrupt Activities Act, the United Kingdom Bribery Act, and the Foreign Corrupt Practices Act.

Data Protection

Adapt IT recognises that data protection laws (like the GDPR and POPIA) apply to the various relationships the company has, including the one Adapt IT has with you. The company generally performs the role of a processor for our customers, who are then the controllers. There are also many times when Adapt IT is the responsible party. Adapt IT takes its obligations under data protection laws seriously regardless of the role the company is performing and the relationship the company has with you. Adapt IT continually strives to meet its regulatory obligations. Read Adapt IT's Privacy Policy and PAIA Manual.

JSE Listings Requirements

As a listed company, Adapt IT has to comply with the Johannesburg Securities Exchange (JSE) Listings Requirements. The company appreciates the importance of these requirements, including the proper implementation of the King Code on Corporate Governance, which the requirements have made mandatory. Adapt IT, therefore, not only complies with the requirements, but also commits to disclosing the companys implementation annually in our various reports, such as the Integrated Annual Report.

Employment and Labour Law

Treating employees fairly and empowering them is more than just a compliance issue for Adapt IT. The company does it because it cares about them. Adapt IT also does it because it understands that its employees are at the heart of why the company continues to perform well and grow. Thus the company complies with the Labour Relations Act, the Basic Conditions of Employment Act, the Employment Equity Act and any related legislation, codes, rules or policies.

IFRS

In addition to Adapt IT's general governance, the company has always been diligent in establishing, maintaining and auditing its financial accounting policies. The company always wants to ensure consistency with the requirements of the International Financial Reporting Standards (IFRS) and that it reports its results with objectivity and the highest degree of integrity. Adapt IT is committed to providing financial information that is transparent, timely, complete, relevant and accurate.

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