Compliance

Compliance in the Jungheinrich Group is accounted for, coordinated and ascribed high importance by the Board of Management and the Supervisory Board. An internal task force redefined the tasks required to ensure compliance, scrutinized them to determine their necessity for the Jungheinrich Group, and enhanced them to ensure they met the current performance targets. The compliance system’s objective is to detect infringements against guidelines and laws and take action to prevent this from happening. To this end, the Board of Management and the Chief Compliance Officer (CCO) expressly called on all executives to adhere to internal and external guidelines more stringently and to take this into account in their ongoing decision-making. Furthermore, all of the Jungheinrich Group’s personnel were informed of the newly established internal notification system. Since the beginning of the year, employees have been able to inform the Board of Management or CCO of potential irregularities so that preventive action can be taken. As prescribed by the system, the Group audit department reviews and follows up on all incidents chronologically. Changes implemented have already allowed for processes to be improved and rendered safer. Reports on this activity are regularly submitted to the Board of Management and the Supervisory Board’s Audit Committee.