ALTANA’s employees have been trained with the help of an
e-learning program regarding the content of the Code of
Conduct and further issues relevant to compliance such as
corruption and antitrust law. In 2018, around 4,200 employees
completed the Code of Conduct training program.
Moreover, for each compliance area further specific
measures have been developed and implemented to ensure
that laws and internal regulations are adhered to. This includes,
for example, an IT-assisted system with whose help
business partners that support ALTANA AG and its subsidiaries
in sales or in their cooperation are examined for potential
compliance risks.
Another important element to guarantee the effectiveness
of the Compliance Management System is the work
of Internal Audit. For a few years now, compliance programs
have been carried out regularly at ALTANA and its subsid-
iaries.
With the ALTANA Compliance Hotline, ALTANA provides
another central means of ensuring compliance. The latter
gives employees and external third parties the possibility of
anonymously reporting illegal behavior.
Once a year, the Audit Committee receives a written
report on compliance that is presented and discussed in a
meeting of the committee in addition to the other proceedings.
The report gives an overview of the risks identified
for each compliance area, as well as already implemented or
planned measures to advance the system. The Audit Committee
is also informed about compliance violations in this
context.
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 general
commitment to support and promote overall UN aims.
Corporate Governance 13