To us compliance is much more than just abiding by the law: compliance is a question of mindset. This includes our clear commitment that thyssenkrupp stands exclusively for fair and straight business. We would rather sacrifice a contract than win it by breaking the law.
thyssenkrupp has a broad understanding of compliance: Compliance with the law and internal regulations is a must for us and part of our corporate culture. Compliance creates the framework for our business actions and serves to safeguard our long-term business success. We provide comprehensive support for the core compliance areas anticorruption, antitrust law, data protection, anti-money laundering, and trade compliance.
As well as the management and constant development of the compliance program, our Compliance function has the important role of acting as a strategic business partner to provide our group functions and businesses with advice on relevant strategic decisions at an early stage. This requires a needs-based and appropriately staffed organization with clearly allocated roles and responsibilities, effective and efficient steering, and in particular a task allocation which is structurally in line with the requirements of the thyssenkrupp group of companies.
Bona fide reports help counteract violations at an early stage and limit the damage for our company, our employees, and our business partners. Several channels for reporting information – anonymously if required – are available to all thyssenkrupp employees, and also to customers, suppliers, and other third parties.
thyssenkrupp submitted to a voluntary special audit in 2013, and had its Groupwide compliance program audited in accordance with the Auditing Standard PS 980 of the Institute of Public Auditors in Germany (IDW) back in 2011.