Compliance

For TAG, compliance is an essential component of responsible corporate governance and corporate culture. It lays the foundation for integrity and trust and helps to identify and minimise risks at an early stage.

We have implemented a compliance management system that supports adherence to the relevant legal requirements and the Group’s internal regulations, enables the systematic management of compliance risks and promotes a corporate culture based on integrity. A key component of this is our Code of Conduct, in which we define binding standards for legally sound and ethical behaviour. We pursue a zero-tolerance policy towards any form of discrimination, including harassment, and reject any form of corruption. The Business Principles apply equally to the Executive Board and all employees. Upon joining TAG, every new employee confirms in writing that they have taken note of the Business Principles. In addition, annual training sessions – particularly on the Business Principles – help to ensure a sound understanding of the relevant legal and internal compliance requirements. These measures contribute to fair and trusting interactions within TAG, as well as in our dealings with our customers, business partners and other stakeholders.

Overall responsibility for compliance lies with the Executive Board. The Compliance Officer, appointed by the Executive Board, is responsible for the technical aspects. She reports directly to the Executive Board and provides regular updates to it.