What does corruption mean?
Corruption is prohibited worldwide. It involves the offering, promising, granting, demanding or accepting benefits with the intention unduly influence business or official decisions.
The following applies: even the appearance of undue influence can undermine trust in integrity.
A distinction is generally made between interactions in business transactions and dealing with public officials and elected officials. Particularly strict legal requirements apply to dealing with public officials.
Additional risk areas may arise, for example, in the case of commissions in consultancy contracts, where services and considerations are not clearly described or are not in line with market practices. This can encourage illicit business practices, such as creating slush funds or the payment of kickback to supporting third parties.
Corruption risks can also occur in everyday business activities—especially if benefits are likely to unduly influence business or official decisions.
This includes in particular the following types of benefits: gifts, invitations to business lunches or corporate events, vehicle rentals, discounts, sponsorship and donation projects as well as memberships in institutions such as clubs or associations.
The principle for all types of benefits is: they must be transparent, appropriate and lawful.
When dealing with public officials and elected representatives, significantly lower orientation values and stricter approval processes apply.