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For Siemens, promoting integrity means acting in accordance with our values – responsible, excellent, and innovative – wherever we do business. A key element of integrity is compliance: adherence to the law and to our own internal regulations. We have zero tolerance for corruption and violations of the principles of fair competition.
The Siemens Compliance System is divided into three action levels: Prevent, Detect and Respond. These action levels encompass a comprehensive system of activities by which we intend to ensure that our business is completely in accordance with all applicable laws and regulations, as well as with our own internal principles and rules.
Siemens Compliance System
2011-Mar-10 | Author