Good Corporate Governance

Responsibility put to the test worldwide

The new German Act on Corporate Due Diligence Obligations in Supply Chains came into force in Germany on January 1, 2023. Other countries are expected to follow. The Act governs corporate responsibility for the observance of human rights in global supply chains and shows the extent to which good corporate governance has to be taken into consideration today. It's not just about reducing corporate risks, it's about taking responsibility for people in the supply chain – more in our video.

Thinking outside the box

Compliance – conduct that is legal, in accordance with the law and engaging with integrity – affects every employee. It means much more than just abiding by the law. The concept of responsibility for the consequences of business activities has gained importance in recent years. At TÜV SÜD, the rules and regulations are laid down in a detailed and easy-to-understand form in its Code of Conduct. Regulations such as the new German Act on Corporate Due Diligence Obligations in Supply Chains broaden the view even further.

“We pursue a zero-tolerance strategy within our own company and also take direct action with suppliers in the event of grievances.”

Deepak Mistry
Director of Marketing
TÜV SÜD Americas

Trust is good, checking is better

Legally compliant conduct by all employees personally, good corporate governance and a detailed Code of Conduct provide the framework. And if there is ever any suspected case of misconduct? That’s where the TÜV SÜD Trust Channel comes into play. Via the whistleblowing system, anyone – whether internal or external – can provide information anonymously, worldwide and around the clock, on possible violations of the Code of Conduct. All information is followed up thoroughly. This provides continual reaffirmation of the trust which the public and customers place in the integrity and independence of TÜV SÜD.

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