As part of our Bosch value “Reliability, credibility, and legality,” we are committed to unconditional compliance with the rule of law. To underline the significance of this principle, we have summarized the fundamental points of all key legal and company-internal regulations in our “Code of Business Conduct.” The code explains why this principle is so important to us and provides our associates with a guide for conducting their day-to-day business. We expect that they comply unconditionally with all the relevant legal and internal regulations, including the “Basic principles of social responsibility at Bosch,” which were approved in 2004. We also underpin the importance of the principle of legality through our membership of Transparency International, which we joined in 1995.
To complement the Code of Business Conduct, Bosch is currently expanding its global compliance organization by setting up a corporate compliance committee and appointing compliance officers in the individual regions. This move serves to strengthen our current prevention and inspection activities, including the principle of dual control, job rotation in sensitive areas, strict separation of operative and monitoring systems, and regular audits. In addition, we keep all associates worldwide informed and will introduce a mandatory information and training program. The new compliance system is complemented by telephone hotlines and e-mail addresses for reporting compliance issues, as well as by the audits that have been conducted hitherto at locations and suppliers.