BMW 2014 Annual Report Download - page 184

184
170 STATEMENT ON
CORPORATE GOVERNANCE
(Part of Management Report)
170 Information on the Company’s
Governing Constitution
171 Declaration of the Board of
Management and of the
Supervisory Board pursuant to
§ 161 AktG
172 Members of the Board of
Management
173
Members of the Supervisory
Board
176 Work Procedures of the
Board of Management
178 Work Procedures of the
Supervisory Board
183 Information on Corporate
Governance Practices
184 Compliance in the BMW Group
189 Compensation Report
recognised guidelines. The BMW Group is committed
to
adhering to the OECD’s guidelines for multinational
companies and the contents of the ICC Business Charter
for Sustainable Development. Details of the contents
of
these guidelines and other relevant information can
be found at www.oecd.org and www.iccwbo.org. The
Board of Management signed the United Nations Global
Compact in 2001 and, in 2005, together with employee
representatives, issued a “Joint Declaration on Human
Rights and Working Conditions in the BMW Group”.
This Joint Declaration was reconfirmed in 2010. With
the signature of these documents, we have given our
commitment to abide worldwide by internationally rec-
ognised human rights and with the fundamental work-
ing standards of the International Labour Organization
(ILO). The most important of these are freedom of
em-
ployment, the prohibition of discrimination, the freedom
of association and the right to collective bargaining,
the
prohibition of child labour, the right to appropriate
remuneration, regulated working times and compliance
with work and safety regulations. The complete text of
the UN Global Compact and the recommendations of
the ILO and other relevant information can be found at
www.unglobalcompact.org and www.ilo.org. The Joint
Declaration on Human Rights and Working Conditions
in the BMW Group can be found at www.bmwgroup.
com under the menu item “Responsibility” (Services /
downloads / topics: “Employees and Society”).
It goes without saying that the BMW Group abides by
these fundamental principles and rights worldwide.
Employees have therefore been sensitised to this issue
since 2005 by means of regular internal communica-
tions and further training on recent developments in
this area. Two dedicated helplines – the “Human Rights
Contact” and the BMW Group SpeakUP Line – are
available to employees wishing to raise queries or com-
plaints relating to human rights issues. The UN Guiding
Principles for Business and Human Rights provide a
framework for critical reflection and continuous improve-
ment in our endeavours to ensure that human rights are
respected throughout the organisation.
Further information on social responsibility to employees
can be found in the section “Workforce”.
Activities can only be sustainable, however, if they
en-
compass the entire value-added chain. That is why the
BMW Group not only makes high demands of itself but
also expects its suppliers and partners to meet the eco-
logical and social standards it sets and strives continu-
ally to improve the efficiency of processes, measures
and activities. For instance, we are successively requir-
ing our dealers and importers to comply with ecolog-
ical and social standards on a contractual basis. Simi-
larly, corresponding criteria are embedded in our
purchasing terms and our evaluation of suppliers with
a view to ensuring the inclusion of sustainability as-
pects throughout the purchasing system. The BMW
Group Sustainability Standard is an integral compo-
nent of our enquiry documents and of the automotive
supplier self-assessment questionnaire on sustainabil-
ity required to be completed sector-wide by new sup-
pliers. The BMW Group expects suppliers to ensure
that the BMW Group’s sustainability criteria are also
adhered to by sub-suppliers. Purchasing terms and
conditions and other information relating to purchasing
can be found in the publicly available section of the
BMW Group Partner Portal at https: / / b2b.bmw.com.
We also work in close partnership with our suppliers
and promote their commitment to sustainability.
Compliance in the BMW Group
Responsible and lawful conduct is fundamental to the
success of the BMW Group. It is an integral part of
our
corporate culture and the reason why customers,
shareholders, business partners and the general public
place their trust in us. The Board of Management and
the employees of the BMW Group are obliged to act
responsibly and in compliance with applicable laws and
regulations.
This principle has been embedded in BMW’s internal
rules of conduct for many years. In order to protect
itself systematically against compliance-related and
reputational risks, the Board of Management created
a
Compliance Committee several years ago, mandated
to establish a worldwide Compliance Management
System throughout the BMW Group.
The BMW Group Compliance Committee comprises
the heads of the following divisions: Legal Affairs and
Patents,
Corporate and Governmental Affairs, Corpo-
rate Audit, Group Reporting, Organisational Develop-
ment and Corporate Human Resources. It manages and