Corporate governance includes all internal and external binding principles set out in laws, regulations, standards, norms and policies. For the AMAG Group, however, governance means more than just complying with legal requirements – we play fair as a matter of principle. We are committed to transparency, security and integrity in all areas of our business.
Transparent and responsible corporate governance
Good corporate governance is based on clear principles and policies that are binding for all employees. In the case of the AMAG Group, this includes:
• Binding code of conduct: all employees are obliged to comply with our standards – from protecting data to preventing corruption and behaving ethically.
• Regular training and audits: we provide training programmes and conduct continuous monitoring to help implement governance measures.
• Performance scorecards with sustainability targets: sustainable corporate governance is made measurable and reviewed regularly.
Security and risk management
AMAG is exposed to a wide variety of risks. Forward-looking risk management is therefore essential for a sustainable corporate strategy. Our internal control system (ICS) systematically records and evaluates risks, develops scenarios for emergencies and takes preventive measures. These relate to topics such as occupational health and safety, cybersecurity and data protection, as well as relevant industry standards such as the Federal Coordination Commission for Occupational Safety (EKAS) and TISAX (Trusted Information Security Assessment Exchange) certification.
Zero tolerance on corruption and collusion
Integrity governs all of our actions. We are committed to a corporate culture that promotes ethical conduct and consistently punishes illegal practices. Although we attach great importance to an open culture of error, we have a zero tolerance approach to corruption, illegal anti-competitive agreements and cartel offences. Established reporting channels and a whistleblower system allow our employees and customers to report any suspected violations securely and anonymously.
We carry out mandatory training on the topic to ensure that our code of conduct not only applies on paper but is also practised day to day: in 2024, 99% of our employees completed compliance training.
