Compliance at GERRY WEBER
Here at GERRY WEBER, we not only firmly establish our compliance culture, we put it into practice. This means that the company stays transparent as well as offering a collegial working environment. This entails much more than simply upholding internal and statutory regulations. It’s about behaving in a way that’s ethically correct and creating mutual trust: internally and externally.
The actions of each employee that represents GERRY WEBER are responsible, credible and reliable. We all stand for fair treatment. Managers and executives also uphold this compliance culture by acting as role models.
Our compliance system at GERRY WEBER follows a codex comprising the following points:
To make sure everything runs smoothly when it comes to compliance, things have to be well organized. After all, everyone benefits when tasks are clearly allocated. At GERRY WEBER, the Corporate Audit & Compliance department is responsible for compliance tasks. The Compliance Committee and the Local Compliance Officer offer their support. Together as a team, they conceptualize and propagate the company’s value system as well as the related guidelines. At the same time, they motivate employees to uphold the rules.
GERRY WEBER Group code of conduct:
The GERRY WEBER Group code of conduct provides orientation. It comprises general behavioral regulations that apply to all employees throughout the business. The code regulates internal collaboration as well as behavior towards external partners, such as customers and suppliers. The aim is to guarantee legal safety for the company and its employees at all times.
Group compliance guidelines:
In order to better understand and further develop the code of conduct, GERRY WEBER has issued binding group guidelines. These include topics such as how to uphold anti-trust and unfair competition law as well as gifts, hospitality and other benefits. Guidelines of this sort serve to keep things transparent and authentic at all times.
Reporting misconduct is often associated with a certain level of dread. To make sure that everyone is confident enough to express criticism and point out misconduct, GERRY WEBER has appointed an external attorney. He has been allocated the position of independent ombudsman in order to guarantee an external perspective. Employees, customers and business partners can approach him in good faith. He can be accessed via various paths - including anonymously - and is obliged to treat all matters with discretion and the strictest confidentiality.
Opportunity and risk management:
Opportunities and risks are often closely related. One impacts the other: a missed opportunity can become a risk to the company, for example. In order to successfully achieve company goals, opportunity and risk management analyzes whether things are progressing in the desired direction early on. So all processes are evaluated and managed in a targeted manner.