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External Reviews: Transparency international

External Reviews

Corruption risks vary across markets. As multinational companies develop and expand into new and emerging markets, the ability of businesses to identify and impose controls on the relevant corruption risks will continue to be a crucial part of best practice.

High Risk Markets

Does the company have enhanced risk management procedures in place for the supply of goods or services to markets or customers in countries identified as at a high risk of corruption?

thyssenkrupp clearly recognizes the corruption risks associated with operating in high-risk markets.

In order to take care of such risks, we have conducted a Group wide bottom-up risk assessment to better understand – on the basis of our specific business models, external factors such as the TI Corruption Perceptions Index, etc. – where exactly which concrete risks, including the corruption risks, lie. This risk assessment is frequently updated, e.g. by so-called Compliance Dialogues with the business.

Based on the results of the risk analysis, we have organized the Compliance organization and its procedures in a way to take care of high-risk regions/markets with a local organization. The so-called Regional Compliance Officers strengthen our Compliance advice activities in high-risk regions acting at local level, with knowledge of local laws and culture, advise the local thyssenkrupp companies and carry out training programmes on Compliance-related issues. Their responsibilities also include the performance of Compliance audits and the preparation of comprehensive Compliance statements in accordance with the applicable law.

Important related documents and links:
Compliance Organization

Does the company disclose all details of its fully consolidated subsidiaries and non-fully consolidated holdings (associates, joint ventures and other related entities)?

According to German reporting standards, we publish a list of our subsidiaries on our website under Reporting and Publications.

Does the company disclose its beneficial ownership and control structure?

Through regular shareholder surveys and voting rights disclosures pursuant to the German Securities Trading Act (WpHG) we gain information on the size and structure of our shareholder register.

thyssenkrupp has more than 200,000 shareholders.

~ 90% of the capital stock of thyssenkrupp AG is held by institutional investors and investors with significant holdings. Private investors hold ~ 10% of the capital stock.

The Alfried Krupp von Bohlen und Halbach Foundation, Essen holds ~21 % of the voting rights in thyssenkrupp AG.

The free float, which is relevant for the weighting of the thyssenkrupp stock in the indices, amount to ~ 79% of the capital stock. (As of September 2018)

Important related documents and links:

Does the company publish a percentage breakdown of its defence sales by customer?

The thyssenkrupp Group with its five business areas is represented in 80 countries around the world and generates annual sales of about 43 billion euros. In our annual report we only report total sales and sales by business area.

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