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 are committed to this principle. Compliance must be second nature to all Group employees. This standard is also expected to be followed by our business partners. They are expected to act responsibly and to agree to comply with the requirements defined in the Code of Conduct for Business Partners.
The Volkswagen Group takes a preventive approach to compliance which heightens employee awareness and knowledge in order to prevent potential rule breaches before they happen. Compliance at Volkswagen Group China is practiced through activities whose overall aim is to ensure that all employees – including members of the Board of Management, Management and Tariff Personnel act in accordance with internal regulations and all legal requirements and prohibitions. Internal Audit and 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 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 Code of Conduct is a common set of binding guidelines for all employees in the Volkswagen Group China. It helps in complying with existing rules and regulations and offers guidance, advice and support in everyday work situations and decision-making. The focus is on the responsibility of each individual employee to comply with the rules of ethical conduct.
The information contained in the Code of Conduct is divided into three main sections: