First and foremost, responsible corporate governance means strict compliance with all applicable laws and internal guidelines and a no-tolerance approach to corruption and other illegal activities. To prevent corrupt practices MTU has established a Compliance Board that investigates suspected violations and cases of non-compliant conduct and clears them up where necessary.
Corporate governance is the system by which companies are directed and controlled in a responsible manner and with a focus on long-term value creation. It is an integral part of MTU’s identity and encompasses all areas of the company. As a global player, MTU complies with national and international standards.
Corporate Governance at MTU
As part of our risk management, we regularly identify and assess the risks and opportunities for our business, including corruption-related compliance risks in the organizational units. A comprehensive risk report is published yearly as part of the Annual Report.
MTU’s risk management in the Annual Report (p. 109)