Compliance understanding of the Volkswagen Group: Adherence to legal requirements, internal corporate policies, ethical principles, and self-imposed values for the protection of the company and its brands.
In the long term, a company can only be successful if it acts with integrity, complies with statutory provisions worldwide and stands by its voluntary undertakings and ethical principles, even when this is the harder choice. We remain committed to this principle – especially in light of the misconduct uncovered in the 2015 financial year, which runs contrary to all of the values that Volkswagen stands for. Compliance must be second nature to all Group employees.
Volkswagen takes a preventive approach to compliance and strives to cultivate a corporate culture in which employees’ awareness and knowledge are such that potential rule breaches can be excluded in advance. In 2014 and 2015 alone, over 370,000 employees across the Group received training on compliance issues. Group Internal Audit and Group Security complete systematic compliance checks, conduct necessary investigations on a regular basis, perform spot checks in the absence of suspicion, and examine the circumstances in cases of alleged misconduct. Human Resources and Group Legal respond by applying the relevant measures. These processes are closely integrated to form a holistic compliance management system. However, we are aware that even the best compliance management system can never fully exclude the possibility of criminal action by individual employees.
The Volkswagen Group Code of Conduct
Lawful conduct forms the basis for sustainable economic success. The Code of Conduct serves to guide all Group employees through their work. Each individual employee is equally responsible for adhering to the Code. The Code of Conduct provides our employees with a practical guide, summarising the key basic principles for correct conduct and providing support should they ever face legal or ethical challenges.
Volkswagen Group Code of Conduct
Corruption is not a trivial offence. It could damage the company, its business and its employees. Raising awareness and improving understanding therefore plays an important role. The Volkswagen Group offers a number of training courses and support channels for its staff. It has also drawn up its own guidelines covering the issue of anti-corruption.
The aim of these guidelines is to make every employee more aware of corruption and highlight its importance.