if need be, anonymously and regardless of levels of hierar-
chy. In 2018, we are also permitting third parties to use the
ALTANA Compliance Hotline to report severe legal violations
on the part of ALTANA or its employees.
Once a year, the Audit Committee receives a written
report on compliance that is then also presented and dis-
cussed in a meeting of the committee. The report gives
an overview of the risks identified for each compliance area,
as well as of already implemented or planned measures
to advance the system. The Audit Committee is also informed
about compliance violations in this framework.
ALTANA joined the UN Global Compact initiative,
whose members are voluntarily committed to adhering to social
and environmental standards as well as the protection
of human rights. By joining Global Compact, ALTANA has not
only acknowledged its principles but also shown a gen-
eral commitment to support and promote overall UN aims.
Corporate Governance 11