Audit & Compliance Management
Our corporate culture is shaped by integrity, ethical and lawful conduct.
Culture
therewith safeguard compliance within the company. Our Code of Conduct outlines the commitment to responsible business and applies to all employees.
Objectives
Fair competition and a commitment to ethical and lawful business are essential to long-term success. Accordingly,
our Compliance Management System (CMS) contains standards and processes to ensure the adherence to applicable laws and internal policies and to prevent violations of law. The CMS therewith serves to protect the company from potential risks and from financial and reputational damage.
Risks
Foundation of the CMS is a risk-based approach deriving from the company´s own risk landscape to enable early identification and mitigation of potential compliance risks.
Program
Based on the risk evaluation, adequate compliance processes support us in implementing certain corporate governance principles and standards – specifically to the provisions on the fight against bribery and corruption,
Communication
Monitoring & Improvement
Compliance monitoring measures a consistent implementation of our CMS across our business and support functions. The performance of compliance audits serves to detect potential compliance violations and helps identify adequate process improvement.
