Code OF Compliance
A special company philosophy
Mutual trust, predictability, honesty and straightforwardness, both internally and externally, are fundamental principles that are firmly anchored in the Würth Group. The commitment to these values can already be found in the company philosophy written by Reinhold Würth in the 1970s. This is not just about complying with all applicable rules and laws, but also about a corresponding inner attitude on the part of the employees, which is a key building block for the sustainable corporate success of the Würth Group. And it is precisely this inner attitude that we want to promote. At the same time, we also demand strict compliance with all applicable national and international rules and laws. In order to make this transparent to our employees as well as to our customers, suppliers and other business partners, we have drawn up specific rules of conduct based on our corporate values, which we summarize once again in the Code of Compliance of the Würth Group. The Code of Compliance defines minimum requirements that all employees of the Würth Group worldwide must observe. They must therefore be familiar with the Code of Compliance and vouch for compliance with the principles and rules of conduct contained therein PREFACE Ladies and gentlemen, dear colleagues, Bettina Würth, Chairwoman of the Advisory Board of the Würth Group 7. The management and executives of our companies have a role model function and special responsibility in this respect. Our Code of Compliance is based on the firm conviction of the Würth family, the Supervisory Board of the Würth Group's Family Trusts, the Advisory Board and the Central Managing Board of the Würth Group that a culture of compliance is an essential element for our continued sustainable success. Against this backdrop and in the interests of the Würth Group and all its employees, we would like to call on you to commit to implementing the principles of the Würth Group's Code of Compliance on a daily basis.
" We want performance, predictability, honesty and straightforwardness."
Summary
- Scope of application
- General principles of conduct
- Dealing with business partners
- Avoidance of conflicts of interest
- Handling of information
- Implementation of the Code of Compliance
- Contact persons in the Würth Group
Scope
This Code of Compliance applies to all employees* of the Würth Group. This Code of Compliance describes principles of conduct for all employees of the Würth Group. It is to be regarded as a guideline and is intended to support everyone in their day-to-day work in making decisions in accordance with the law and the values of the Würth Group. This serves to protect the entire Group and its employees. The regulations in this Code of Compliance are binding. If country-specific circumstances or the different business models of the companies in the Würth Group require more extensive regulations, this Group-wide Code of Compliance can be supplemented at company level after approval by the Chief Compliance Officer of the Würth Group. The general principles of conduct described in this Code of Compliance also apply in dealings with customers as well as to suppliers and other business partners. We expect our business partners to be bound by these principles as well. Lawfulness, honesty, reliability, respect and trust are universal foundations of good business relationships. (*In the following, the term "employees" is used for "staff members", insofar as this serves the purpose of better readability. This also applies accordingly to the other gender-specific designations. This does not imply any valuation).
