Corporate Management and Compliance

 

Compliance-Management-System

Our compliance management system (CMS) includes basic guidelines and measures aimed at ensuring behaviour in line with the regulations at the company. It should assist our employees in observing the binding laws and regulations that apply to their work, along with recognised standards, recommendations and our own guidelines. Behaviour in line with the regulations is both a key basic principle for Leifheit and the goal of commercially responsible conduct.

The Board of Management and the management team of Leifheit are committed to compliance as a leadership duty. Operational responsibility (compliance officer) lies with the HR/Legal/IP division. Compliance risks are recorded in the scope of the risk management system. Our compliance programme includes guidelines and measures that reduce compliance risks and prevent violation of regulations and laws.

 

  • •  German Corporate Governance Code (DCGK)
       The Board of Management and the Supervisory Board of Leifheit AG base their work on the 
       DCGK. In the reporting year, Leifheit almost fully complied with the guidelines provided therein
       for good corporate governance. Our declarations of conformity have been published and are
       permanently accessible. The corporate governance report is part of the annual financial report.

  • •  Leifheit competency model
       Our competency model depicts our business-specific, interdisciplinary expectations of
       management personnel and employees. It includes personal, social, business and methodical
       skills that are crucial to collaboration and our company’s long-term success.

  • •  Leifheit Code of Conduct
       Our employees are bound by the Leifheit Code of Conduct, which lays down basic rules
       governing social, ethically responsible and lawful conduct at the Leifheit Group, and addresses
       the issues laws and guidelines, human rights and discrimination, occupational health and
       safety, environmental and climate protection and resource efficiency, compliance with the
       Business Social Compliance Initiative, the Conventions, of the International Labour
       Organisation, the United Nations Universal Declaration of Human Rights, the UN Convention on
       the Rights of the Child, the UN Convention on the Elimination of All Forms of Discrimination
       against Women, the Principles of the UN Global Compact and the OECD Guidelines for
       Multinational Companies handling confidential information safeguarding the results of R&D
       activities and product safety, accurate reporting capital, market law, insider trading and market
       manipulation, fair competition, antitrust law and corruption, whistle-blower system, handling
       invitations, meals/hospitality and gifts, dealing with conflicts of interest and data protection.

  • •  Antitrust compliance policy
       Leifheit believes in fair competition. Our stance against violations of antitrust law is also
       reflected by our antitrust compliance policy.

  • •  Insider guidelines
       Trade in stocks and the handling of insider information are subject to strict statutory
       regulations. Our insider guidelines provide an overview of how to handle insider information,
       the statutory provisions prohibiting insider trading, the unlawful disclosure of insider
       information, the consequences of such trading or disclosures and the insider list.

  • •  Data protection guideline
       Our data protection guidelines are intended to ensure that the requirements of data security
       and data protection are met, and that the rules of the German Federal Data Protection Act
       (Bundesdatenschutzgesetzes – BDSG) and General Data Protection Regulation (GDPR) are
       complied with.

  • •  Standards for our suppliers
       We lay down the standards for our suppliers in a code of conduct, which was revised in the
       reporting year. The code of conduct is consistent with the Business Social Compliance Initiative
       (BSCI), the Conventions of the International Labour Organisation, the United Nations Universal
       Declaration of Human Rights, the UN Convention on the Rights of the Child, the UN Convention
       on the Elimination of All Forms of Discrimination against Women, the Principles of the UN Global
       Compact and the OECD Guidelines for Multinational Companies.

 

The principles of the compliance management system and standards of conduct have been in place for years and are part of the day-to-day business routine. The compliance guidelines are available to Leifheit Group employees in at least German and English.

As part of their duty to set an example for others, Leifheit managers are instructed to impart and model the compliance policies for their employees. Managers are responsible for ensuring that our guidelines are followed. A concept that provides our employees with regular training on our compliance principles through online e-learning modules was also developed. There will be more intensive compliance training and communication measures in the future.

We have established a whistle-blower system to give our employees and third parties the opportunity to safely pass along tip-offs to an ombudsman if they suspect or have evidence of potential legal violations at the company. Since the end of 2018, an online communication platform (Integrity Line) has been available to whistle-blowers, along with the option to submit reports to the ombudsman in person.

Compliance violations are not tolerated, and all indications of misconduct are followed up. Findings are entered into our risk management system or our internal control and risk management system during the accounting process (ICS).

You will find further information with regards to Compliance Management at our Sustainability report.

 


Statutory declaration of corporate management

The statutory declaration of corporate management in accordance with sections 289f and 315d German Commercial Code (HGB) includes the declaration of conformity with the German Corporate Governance Code, the explanation of our corporate management practices, the description of the work methods of the Board of Management and the Supervisory Board, as well as the composition and work methods of their committees, the information on the defined targets according to the German law on the equal participation of women and men in leadership positions and the description of the diversity concept.