KraussMaffei operates in accordance with national and international laws and the applicable rules of competition. We have also defined basic business principles for our code of compliance and ethics that are binding for all employees. Our general principle defines this code of conduct and also covers topics such as business ethics, management and communication, equal treatment, compliance with rules of competition and the proper procedure for handling conflicts of interest. Our code of conduct applies across to all employees throughout the corporate group. Employees who are or may be in regular contact with external business partners sign the code of conduct every year. In doing so, they signal that they will conduct themselves according to KraussMaffei directives within their work area and recognize the values and specifications contained therein as binding for their work area.
Furthermore, our KraussMaffei directive on "Business relationships with consultants, distributors, representatives and mediators" stipulates that no questionable legal agreements are to be entered into with sales partners and business transactions with sales partners around the globe are to be conducted in full compliance with legal and ethical standards.
Our group directive "Competitive conduct" outlines antitrust specifications and forbids business conduct designed to impermissibly limit the competition.
To ensure that our employees are informed in these areas, we conduct regular training on the key topics of antitrust law and compliance and corruption in Germany and abroad. We also urge them to report any suspicion of a violation of our code of conduct.