Compliance

To us compliance means more than just obeying rules and regulations. Compliance is a question of mindset: Reliability, honesty, credibility, and integrity are part of our DNA. We would rather sacrifice a contract than win it by breaking the rules.

 

What we stand for

To us, compliance is a central component of good corporate governance. It means much more than just obeying rules and regulations. It is a question of mindset. It concerns every one of us at thyssenkrupp, every day, everywhere.

 

Values such as reliability, honesty, credibility, and integrity are not empty words to us, but permeate our corporate DNA. This is the standard we apply when developing our strategic compliance measures, creating a value culture which must be jointly supported and consistently lived by all employees – and in particular our managers. A written code of values provides the basis for our decisions.

 

At thyssenkrupp this value culture is embedded in our Group Mission Statement. Through our compliance commitment the Executive Board takes a firm stance, rejecting compliance violations of all kinds. This unequivocal commitment is supported by a code of conduct and various Group Policies, in particular in the areas of anticorruption and antitrust law.
 

thyssenkrupp stands for fair and straight business

What's important to us is that our corporate philosophy is lived at all levels of the Group in the interests of “good corporate governance”. We strive to ensure that there are no systemic weaknesses and deficits, in the area of compliance or anywhere else.


At the same time we want to support entrepreneurial courage within a clearly defined framework. While it is part of our philosophy to take calculable entrepreneurial risks and make and accept mistakes, we will not take risks with compliance.


Deliberate violations of the law and internal rules are unacceptable both legally and in our understanding of compliance.

 

So we have three rules:
•    We investigate all reports of legal violations and clarify the facts.
•    Any violations identified are stopped immediately.
•    All violations identified are systematically and appropriately sanctioned on the basis of a zero-tolerance policy.

 

People make mistakes. If an employee who has unintentionally violated the law admits his mistake and seriously tries to make amends, he deserves a second chance – the circumstances of the concrete individual case permitting. This too is a question of value culture and fairness in our dealings with each other.
 

thyssenkrupp stands for fair and straight business – this is the standard we resolutely pursue. We would rather sacrifice a contract than win it by breaking the rules.
 

thyssenkrupp stands for technological competency, innovation, customer orientation, and motivated, responsible employees. These factors are the basis of our high reputation and the long-term economic success of the Group in global competition.

 

Corruption and antitrust violations threaten these success factors and will not be tolerated (zero tolerance).

 

For us, bribes and cartel agreements are not a means of winning business. We would rather forgo a contract and fail to reach internal goals than act against the law.

 

All employees are requested to cooperate actively in their areas of responsibility in implementing the thyssenkrupp compliance program.

 

In respect of corruption and antitrust violations, the Executive Board of thyssenkrupp AG has issued the following thyssenkrupp Compliance Commitment which unequivocally expresses its stance on compliance with the corresponding laws and Group policies.

“Corruption and antitrust violations are not tolerated (Zero Tolerance). For us, bribes and cartel agreements are not a means of winning business. We would rather forgo a contract and fail to reach internal goals than act against the law. All employees are requested to contribute actively in their areas of responsibility to implementing the thyssenkrupp Compliance Program.”
 

 

Oliver Burkhard
Członek Zarządu
Dr. Donatus Kaufmann
Członek Zarządu
Guido Kerkhoff 
Prezes Zarząd

 

 

 

With its compliance program, thyssenkrupp has taken wide-ranging measures to ensure compliance with corruption and antitrust regulations and the Group policies based thereon. Infringements will not be tolerated and will result in sanctions against the persons concerned. All Executive board members and managing directors, all senior executives and other employees must be aware of the extraordinary risks which corruption and antitrust violations can signify for thyssenkrupp as well as for them personally.


*Initially resolved by the Executive Board of thyssenkrupp AG on April 16, 2007.

Respect, cooperation, and social responsibility are the basis for sustainable business success. 

 

At thyssenkrupp this philosophy has a long history. The German social security system is based in part on models our company introduced 160 years ago. Equal opportunities and fair pay in line with local standards are a matter of course for us. We offer wages and benefits at least in accordance with national and local statutory and industry standards, including retirement and healthcare benefits.
 

Furthermore thyssenkrupp has signed up to the UN Global Compact and is committed to the United Nations Universal Declaration of Human Rights and the core labor standards of the International Labor Organization (ILO).

 

The main principles and rules governing our actions as well as the standards we set ourselves in our dealings with business partners and stakeholders are summarized in the thyssenkrupp Code of Conduct. For employees, managers, and the board, it provides framework guidance on the following issues:


•    Compliance with the law
•    Avoiding conflicts of interest
•    Fair competition
•    Preventing money laundering
•    Equal treatment and non-discrimination
•    Human and labor rights
•    Cooperation with employee representatives
•    Occupational safety and health
•    Sustainability and protection of environment and climate
•    Donations
•    Political lobbying
•    Presentation in public and communications
•    Reporting
•    Confidential company information/inside information
•    Data protection and information security
•    Protection of company property

 
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