Observing laws and regulations as well as following the PHOENIX group’s compliance guidelines are direct results of the corporate responsibility we bear as a part of society. We share this responsibility with our employees, customers, suppliers, and competitors. Compliance at the PHOENIX group rests on three pillars: our anti-corruption guidelines, competition compliance policy, and code of conduct.
It is particularly important to us that we provide transparent communication and regular training to our employees. Employees who are in contact with customers or suppliers, or who have the authority to make business deals, as well as all managers are receiving special in-person training on compliance. We have achieved our objective of training all those employees, which will be followed up with advanced training measures in 2017.