LONDON ThyssenKrupp AG is
tightening its policies regarding compliance with external and
internal requirements on anti-competitive practices and
anti-corruption laws, the company said April 16.
The German steelmaker has
appointed an ombudsman and instituted a temporary amnesty
program for employees who disclose information.
Under the amnesty program,
employees who reveal information on violations of such
practices or internal compliance policies before June 15
wont be held accountable for past malpractice.
To employees who disclose the
breaking of compliance rules "voluntarily, truthfully and fully
by this deadline, and who cooperate unreservedly with the
company in investigating them, the executive board of
ThyssenKrupp promises that it will not assert damage claims
relating to past misconduct," the company said.
The program will only cover
non-time-barred compliance issues and excludes executive board
members, area management board members, heads of operating
units and managing directors of subsidiaries.
The program also excludes
employees in the United States, where different laws apply.
The Essen-based company elected
Ulrich Lehner chairman of its supervisory board in March.
ThyssenKrupps offices were searched by Germanys
federal cartel office in February on allegations of
anti-competitive agreements related to automotive steels (
amm.com, March 20).
The steelmaker dismissed three
board members alleged to be involved in a range of compliance
cases at the end of 2012.
A version of this article
was first published by AMM sister publication Steel