search results for 
Logo

Compliance

The Management Board is committed to responsible management and to complying with all domestic and international legal and ethical business principles as an integral part of the Fresenius corporate culture. These principles, which underpin our professionalism, include honesty and integrity in relations with our patients, customers, suppliers, governments, employees, shareholders, and the general public. We make every effort to ensure that our employees know and comply with the relevant national and international rules.

The Fresenius Code of Conduct contains the key principles and rules for conduct within the Company and in relations with external partners and the public. These are based on all applicable laws or internationally accepted principles and standards such as the UN Global Compact, the worldwide largest initiative of enterprises that are committed to sustainability and corporate citizenship. They are embodied in the Company guidelines and procedures. The principles may not be undermined by individual directives and instructions, and must be heeded in business relations of any kind. Their purpose is to help our employees make the right decisions in their day-to-day work. The Fresenius Code of Conduct serves as model for the adoption and further elaboration of proprietary codes of conduct within all the business segments. Complementing the principles and regulations of the Fresenius Code of Conduct, these codes reflect the requirements of the specific task areas of the business units. As a rule, this does not affect the Compliance programs already in place if they do not conflict with the spirit and intent of the principles of the Fresenius Code of Conduct. The principles and rules of the Code of Conduct apply globally − through the compliance programs and the codes of practice of the business segments − to all employees of the Fresenius Group. We organize training programs to instruct our employees about the applicable legal requirements and internal Company guidelines. The managers and compliance officers in the Group and the business units will support and assist them with regard to any questions on the implementation and application of these provisions. By complying with the laws and observing the principles and rules of the Fresenius Code of Conduct, every employee makes his or her contribution toward ensuring that Fresenius is perceived as an honest and reliable partner in the health care sector for patients, customers, suppliers, governments, and the public.

At Fresenius, compliance is generally regarded as a management task on all decision levels. As a corporate governance function, the Corporate Compliance division reports to the Chief Compliance Officer, the member of the Management Board responsible for Legal Affairs, Compliance, and Human Resources. The division supports the Chief Compliance Officer in establishing and implementing guidelines and procedures which shall ensure adherence to the applicable statutory requirements as well as the requirements of the Fresenius compliance program.

Compliance activities and guidelines have been implemented in each business segment and a chief compliance officer has been appointed, who is responsible for communicating information and for introducing, elaborating, and monitoring the compliance procedures in the respective business segment. He is supported by additional compliance officers appointed on the basis of the organizational and business structures. The employees at the Corporate Compliance departments support and advise the compliance officers at the business unit, regional, and country levels. Our goals are to ensure that the same high ethical standards are applied throughout the Company, that we live our values, and that the international and local laws and regulations and the Company’s guidelines and procedures are adhered to.

An internal reporting system and individual audits by the Internal Audit division help to monitor and ensure adherence to legal requirements and compliance standards. The Internal Audit division conducts audits at the companies and in the business segments worldwide. The auditors have unrestricted authority within the scope of their audit assignment to demand information and inspect records at the companies audited.

QUICKFINDER

History

Tools