Mutual trust, reliability, honesty and straightforwardness, both inwards and outwards, are the fundamental principles deeply ingrained in our and the Würth Group’s corporate culture. These principles do not just include adhering to all applicable rules and laws, but also the proper mindset of the employees which constitutes an integral part of the sustained corporate success. To make these principles more transparent for our employees as well as our customers, suppliers and business partners, we have developed practical rules of conduct on the basis of our corporate values, which are summarized in the Code of Compliance of the Würth Group.
Our Code of Compliance represents our commitment to treat each other with integrity, along with our customers, suppliers and other business partners. Studies have demonstrated that reports received from third parties frequently helped to solve cases of economic crime. For this very reason, we have set up a system that allows both employees and third parties to report criminal acts and other major compliance violations. This web-based tool is called the BKMS System (Business Keeper Monitoring System). The system is solely intended to call attention to suspected cases of economic crime or major compliance violations within the Würth Group. Any misuse of this system for other purposes can constitute a criminal offense.
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