Corruption risks are investigated as part of the ongoing internal auditing of Clariant. If corruption is suspected, Compliance and possibly other Service Units will carry out an investigation, with the help of specialized third parties, if necessary. The regional and Group-wide compliance committees assess the findings of the investigation and order disciplinary or other measures against culpable employees, which may also lead to the termination of employment and/or the termination of contracts with business partners, such contracts not being extended or changed for precautionary reasons.
Compliance is a key element of Corporate Governance. It refers to compliance with the law and directives as well as with voluntary codes within the company. VIEW ENTIRE GLOSSARY