Standard and binding rules for all MAN Group employees
MAN's GRC Organization has developed policies on the compliance issues of anticorruption, antitrust law and prevention of money laundering.
These policies implement standard and binding rules for all employees throughout the Group.
In order to ensure that gifts, hospitality, and invitations to events are appropriate and not used to influence business partners or authorities, MAN has enacted a policy. It contains a clearly structured traffic light system which enables each employee to identify and check whether and under which circumstances he/she may grant or accept benefits.
MAN has enacted a policy that regulates the commissioning of agents, representatives, consultants, or other business partners who act in a sales support capacity. Specific rules for reviewing business partners, drafting contracts, documenting the business relationship, and paying the remuneration are intended to counter the risk of the remuneration paid by MAN to business partners being used as corruption funds.
The integrity of all MAN business partners is checked by means of the Business Partner Approval Tool, the use of which the policy makes binding. The Business Partner Approval Tool is a web-based application that enables the integrity of a business partner to be reviewed quickly, transparently, and thoroughly. The Business Partner Approval Tool was developed in 2010 together with sales employees and is used throughout the Group.
There is a Group-wide policy for donations and sponsoring measures, on the basis of which each employee can identify whether and under which circumstances he/she may grant such benefits in MAN’s name.
MAN operates as a fair and responsible competitor on all markets. In order to ensure that all employees are informed of antitrust regulations and observe them, MAN has enacted a policy that contains rules on dealing with competitors, customers, and suppliers. The policy also highlights legal parameters that have to be taken into account if a company has a so-called dominant market position. This policy is intended to prevent any compliance violations in the area of antitrust law.
Trading with high value assets bears the risk of being abused for money laundering or terrorist financing. In this respect, MAN could also – involuntarily – become victim or accomplice. To mitigate this risk, MAN has implemented different measures. In particular, a Group-wide policy sets minimum requirements for the use of suspicious business partners and requires clarification of unclear backgrounds before conducting business.
