Core Topics

Compliance

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The Siemens Compliance System

With our compliance system, we want to establish compliance in the minds and actions of all Siemens employees.

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.

Action levels

The Siemens Compliance System: Prevent

With effective prevention, we can make a significant contribution to avoiding unfair conduct right from the start.

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The Siemens Compliance System: Detect

The complete detection of all compliance violations is an indispensable prerequisite for effective compliance.

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The Siemens Compliance System: Respond

Clear consequences and unequivocal response play an important role in preventing violations from happening in the first place.

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General topics

Management responsibility

The entire management of Siemens is required to exemplify the values of compliance in its work and to serve as a compliance role model.

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Continuous improvement

To implement improvements and respond to the changing requirements of our businesses worldwide, the Siemens Compliance Program is developed continuously.

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Compliance guidelines

The employees of all Siemens entities and majority-owned companies are obligated to implement the company’s compliance guidelines.

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The Siemens compliance organization

Compliance at Siemens is firmly anchored at all organizational levels. On the Managing Board, a General Counsel oversees compliance.

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2011-Mar-10 | Author