Merck 2010 Annual Report Download - page 125
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By setting up a central speak-up line, employees can report compliance violations by telephone
or via a web-based application in their respective national language. The speak-up line is available
free of charge and around the clock. Mutual communication is also possible anonymously based
on case numbers.
The reports received are individually reviewed. If a compliance violation exists, corresponding
corrective action is taken based on concrete action plans. If necessary, disciplinary measures
are taken. These range from a simple warning up to the dismissal of the employee who violated
a compliance rule.
In cooperation with Internal Auditing, the Compliance Office regularly reviews the implementation
of Group-wide compliance measures at the subsidiaries. The audits regularly focus on the local
compliance structure, the compliance measures taken, as well as the existence of corresponding
compliance guidelines and processes.
The Compliance function reports regularly to the Executive Board, informing it of the status of
compliance activities, compliance risks as well as serious compliance violations. The Executive
Board informs the supervisory bodies at least once a year about the key compliance issues.
The Executive Board, the Supervisory Board and the Finance Committee are regularly informed
about the risk portfolio of the Group and the individual companies. More detailed information
can be found in the Risk report on page 86 et seq.
Within the framework of their work, all Executive Board members and Supervisory Board members
Merck KGaA are exclusively committed to the interests of the company and pursue neither
personal interests nor grant unjustified advantages to third parties.
Before an Executive Board member takes on honorary offices, board positions or other sideline
activities, this must be approved by the Personnel Committee of the Board of Partners of
E. Merck KG.
Company 121Consolidated Financial Statements More informationCorporate GovernanceManagement Report
Statement on corporate governance