RENK Compliance Program
The RENK Compliance Program addresses the topics of economic crime (especially fighting corruption and preventing money laundering) and antitrust law. To this end, RENK has developed a group-wide integrity and compliance program that takes preventive action against compliance violations, identifies any compliance breaches that occur despite preventive measures as quickly as possible, and remedies these compliance violations promptly and efficiently as soon as they are identified.
Compliance - with good reason
Corruption and the formation of cartels present especially great risks to the company and its employees. Compliance breaches in these areas can lead to high fines against the company, criminal sanctions against employees, claims for damages from customers, competitors, and suppliers, blocks on orders, and negative reports in the press.
Compliance - we’re all responsible
Given this situation, RENK does not tolerate any breaches of compliance. Compliance with laws and internal company guidelines takes priority over achieving economic goals at all times for every RENK employee.
Every employee must ensure that no breaches of compliance occur in their area of responsibility. The RENK GRC organization is there to actively support employees in these efforts.
Reporting severe breaches of compliance confidentially, worldwide, and around the clock:
RENK wants to stand out for performance and quality so we can merit the trust our employees, shareholders, and business partners place in the RENK Group. Given this, integrity and lawful conduct take highest priority at RENK. By developing a sustainable compliance organization, RENK aims to counteract potential risks for the company early on.
RENK promotes a corporate culture in which topics that are relevant to integrity can be openly addressed. Our employees are motivated and required to report potential violations of the Code of Conduct. They are encouraged to seek advice if they have questions or doubts.
Their supervisors or the local compliance officer are typically the relevant contacts in this case. Employees who want to report an infringement against the compliance guidelines can contact the entities mentioned above.
RENK provides various confidential channels for submitting information regarding severe compliance breaches in the area of economic crime (for example, corruption and money laundering offenses), antitrust law, and data protection or serious irregularities that place the company at a disadvantage. Employees can get in contact directly via our Compliance Officer Mr. Georg Piller (email@example.com) who oversees this area or anonymously via an external ombudsman:
The ombudsman will protect the identity of the whistleblower based on their duty of confidentiality as a lawyer. The individual’s identity will only be revealed to the company’s investigating committees upon their request and after they have provided their express consent.
If you are unsure how to assess circumstances or things you have observed, Mr. Rubach can provide you with advice in German or English. The same also applies if you are concerned that you have committed an offense yourself. Confidentiality is also guaranteed in this case. You will not incur costs in any circumstances.
However, please understand that our ombudsman is not a complaints office and is not intended to serve as a suggestion box. The ombudsman will not process or forward complaints.