Compliance risk analysis
The GRC Organization regularly carries out Group-wide risk analyses with the aim of determining compliance risks in the areas of corruption, antitrust law and prevention of money laundering.
These risk analyses extend to all Subgroups and take into account the number and size of individual Group companies, the business model, the customer and sales structure, Transparency International’s Corruption Perceptions Index (CPI) in the target markets, and the respective local competition structure. In addition, the Corporate Audit department reviews the implementation of compliance measures and controls in entities when conducting internal audits there.
The structure of the GRC Organization, the Compliance Program tailored to MAN’s needs, and additional measures to avoid compliance risks are derived from the results of the compliance risk analysis and internal examinations by Corporate Audit.