In this context, the Daimler Board of Management has decided to further expand its compliance activities – with the inclusion of relations with business partners. The Daimler Group now operates in nearly 200 countries, either with its own companies or with partner companies. The flawless execution of all transactions in conformity with applicable regulations requires a properly trained compliance organization with a worldwide reach as well as effective processes and controls. For this reason, Daimler will create even clearer structures and apply more resources in order to meet those requirements.All of the new activities will be carried out in addition to the programs already established in recent years. The measures taken include establishing the position of a Chief Compliance Officer reporting to the new member of the Board of Management, setting up a global Compliance Organization, placing compliance managers in numerous subsidiaries and operating units, and developing an international training program including regular compliance conferences, seminars and information. A Compliance Consultation Desk has been established offering Daimler employees individual advice on questions related to the area of compliance at Daimler. Furthermore, whistleblower possibilities have been established at Daimler, allowing each employee as well as external personnel to inform the company of any compliance issues.
Daimler AG To Create New Board Of Management Position For 'Integrity And Legal'
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