Compliance at Siemens

Transcription

1 Compliance at Siemens Regional Compliance Officer Nelya Durbaylova American Chamber of Commerce May 27, 2013

2 Sustainability as the key to success: Siemens has been in business for 163 years I won't sell the future for short-term profit. Werner von Siemens Innovative Excellent Responsible Page 2

3 Siemens Ukraine Regional footprint Head office in Kyiv Regional offices in Donetsk (Engineering Technical Center), Kharkiv, Dnipropetrovsk, Odesa, Lviv, Kryvyi Rih, Mariupol. Sales Sales and Services Engineering Page 3

4 Company structure Industry Energy Infrastructure & Cities Healthcare Automation&Drive Technologies Customer Services&Metal Technologies Division Power Generation Oil&Gas Fossil Power Energy Services Renewable Energy Power Transmission Building Technologies Mobility&Logistics Low&Medium Voltage Smart Grid / Energy Automation Imaging&Therapy Systems Clinical products Diagnostics Audiology Solutions Page 4

5 Corruption blocks sustainable development of nations 1 Corruption leads to bad decisions and to the misallocation of resources 2 It cripples national economies, especially those of developing countries 3 It distorts competition and slows economic development Page 5

6 Corruption kills our markets 1 2 A corrupt company culture diminishes transparency and credibility With less incentive to compete on the basis of quality and price, product quality suffers 3 Inaccurate accounting (books and records) leads to loss of control Page 6

7 In the change process, several elements were crucial in becoming a recognized leader in terms of integrity Immediate Actions Implementation Support sustainable business! DoJ/SEC World Bank settlement settlement Exchange of Leadership Team Compliance Program Continuous Improvement Continuous Improvement Release on bidding from World Bank, except RU Tone from the Top Compliance Organization Values & Integrity Independent investigation Compliance Training Collective Action Page 7 Centralization of bank accounts Compliance Tools Sustainable Development

8 A chapter is closed - but the fight against corruption is never over A painful chapter is over settlement with German and US-authorities reached overall costs ~2 billion Euros DoJ/SEC has appointed a Monitor who was watching our compliance progress What is next? Compliance still has top priority Siemens has a best-in-class compliance system and on this basis has started to fight corruption with "Collective action" Page 8

9 All employees around the globe need to live Compliance every day What exactly is... Compliance? Observing the law in every country where we do business and the applicable Siemens policies - especially the Siemens Business Conduct Guidelines (BCG). The Siemens policies are aligned with the law and further take into account the Siemens values: Responsible Excellent Innovative Compliance with what? For example: Anti-Corruption law Antitrust law Labor law Environmental law Data protection rules The BCG contain the basic principles and rules for our conduct within our Company and in relation to our external partners and the general public. Page 9

10 Together with our suppliers we fight corruption throughout our supply chain Code of conduct for Siemens suppliers Compliance with laws and regulations Prohibition of corruption and bribery Respect for employees' fundamental rights Prohibition of child labor Employee health and safety Environmental protection Our suppliers suppliers Page 10

11 The Siemens Compliance System: Prevent Detect Respond Prevent Detect Respond Management responsibility Compliance risk management Policies and procedures Training and communication Advice and support Integration in personnel processes Collective Action Whistle blowing channels Tell us and Ombudsman Compliance controls Monitoring and Compliance reviews Compliance audits Compliance investigations Consequences for misconduct Remediation Global case tracking Page 11

12 but, "the tone from the top" has to be lived and communicated throughout all management levels Anchor compliance in the entire value chain Promote Siemens' compliance tools Explain and demonstrate compliancerelated issues Full commitment towards Compliance and Clean Business Motivate and encourage employees Engage in regular communication with employees Show priority of compliance at all times Page 12

13 Compliance Helpdesk Three functions for more transparency "Ask us" "Tell us" Do you have questions regarding Compliance? You can contact the "Ask us" Compliance Helpdesk at any time to receive an expert answer. "Find it" The "Tell us" Compliance Helpdesk is available to employees, managers, customers, suppliers and third parties 24 hours a day, 7 days a week for reporting possible infringements of the law or of internal guidelines of course, all calls are treated as confidential and can be anonymous. Compliance Helpdesk "Find it" offers quick access to all Now available compliance-relevant information: compliance guidelines, questions and answers on current topics, and training material. Page 13

14 Collective Action" fosters high compliance standards for all market players Fight corruption in concert with competitors and other players Customers Government Create high compliance standards via a concept of prevention Integrate an independent institution for promotion and monitoring NGOs 1) Collective Action Society Define sanctions in case of violations Competitors 1) Non-governmental organizations such as Transparency International Page 14