Compliance
Compliance

Guiding principles for rule-compliant behavior

With our compliance system, we ensure that the applicable law, our internal rules and guidelines and the regulatory standards recognized by the company are known throughout the Group and that their compliance can be monitored.

We want the principle of "good corporate governance" to be upheld at all levels of the Group. We do not tolerate systemic weaknesses and grievances either in the area of compliance or elsewhere. K+S pursues a zero tolerance policy against corruption and bribery.

 

How is compliance organized at K+S?

At K+S, the Chief Compliance Officer (CCO) is responsible for coordinating and documenting Group-wide compliance activities. He reports directly to the Chairman of the Board of Executive Directors. The CCO chairs the central Governance, Risk and Compliance Committee, to which, among other things, the compliance officers of the operating units and our companies as well as other members to be appointed by the CCO belong. The committee has the task of advising on general compliance management issues and coordinating them throughout the Group as well as regularly analyzing the general suitability of the compliance management system and making recommendations for action if adjustments are required. Material compliance violations are reported to the CCO, who reports to the Board of Executive Directors.

Responsibility for compliance lies with the heads of the operating units and central functions. They make an annual compliance declaration and are supported by the compliance officers.

The Audit Committee of the Supervisory Board regularly deals with the functionality of the compliance management system of the K+S Group.

vorstand
Corporate compliance not only requires compliance with laws and regulations, but also the fundamental trust of people. The integrity and responsibility of every employee is of fundamental importance. Always and everywhere."
Mark Roberts, Dr. Burkhard Lohr, Thorsten Boeckers

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K+S sustainability goals & KPIs

Business ethics: Compliance & Anti-corruption

We have also integrated these principles of our compliance management system into our sustainability goals, provided them with a performance indicator and supported them with various concrete measures.

Our compliance and anti-corruption target by 2019 is to:

Establish a zero tolerance policy against corruption and bribery in order to avoid the risks of liability, criminal liability, loss of reputation, and financial loss.

By the end of 2019, 100% of our employees have been reached with communication measures and adequately trained in compliance issues.  In order to maintain this level, we will develop and offer further training on special compliance topics in addition to our mandatory basic training for all employees.

K+S compliance hotline

Report a compliance violation, but how?

Every employee is called upon to report compliance violations known to them or concrete suspected cases, preferably to their supervisor, the Compliance Officer responsible, or by e-mail to compliance@k-plus-s.com.

In the event that an employee wishes to remain anonymous, hotlines have been set up which can also be used to contact external ombudsmen. These can be used by all persons who wish to report compliance violations or suspected cases. If there are sufficient indications of possible compliance violations, this will always be investigated. Compliance violations discovered will be punished promptly and appropriately.

K+S Hotline Germany

K+S Hotline Netherlands

K+S Hotline North America

K+S Hotline South America

Contact

Questions about compliance?

K+S Aktiengesellschaft Legal & GRC
Dr. Daniel Thomas Laumann
Group General Counsel | Chief Compliance Officer
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