Compliance, the observance of legal requirements and internal guidelines, has been increasing in importance over the past several years, both outside and inside of SMA. Rapid growth and increasing internationalization have made SMA's business operations much more complex. We are active in many countries and therefore have to observe many different laws.
Compliance issues are receiving increasing public attention. A company's reputation and economic success can suffer significant damage from violations of laws. These days a risk-oriented, preventive compliance strategy is more important than ever.
At SMA, Group Compliance coordinates our worldwide Compliance activities and assists managers and employees whenever they have Compliance questions.
Compliance violations can be the result of insufficient awareness or understanding, carelessness or even criminal conduct. Group Compliance has the goal of systematically reducing the risk of Non-Compliance through the following measures:
Global and systematic Compliance protects every individual SMA employee as well as the Managing and Supervisory Boards.
It is often difficult for employees to fully understand the legal requirements governing business conduct. Therefore, the Managing Board decided to elaborate on the values outlined in the SMA Mission Statement by establishing Business Principles.
Through these Business Principles, every employee is provided with clear guidance and the fundamental framework concerning proper business conduct. The Business Principles are also the backbone of the SMA Compliance Program.
The Business Principles were drafted by a working group consisting of members of the Works Council along with other SMA employees and managers. Ten Principles tackling the most crucial Compliance risks were defined. They are applicable to every SMA employee around the world.
The topic of Compliance continues to gain enormous significance within global business. An increasingly regulated environment along with strong public attention brings about constantly expanding requirements for SMA, its employees and business partners.
Our actions are characterized by clearly defined values and principles which are laid out in our Mission Statement. Our Mission Statement serves as a guideline for our employees and demonstrates the principles according to which we shape our relationships with business partners, customers and the public.
SMA employees are welcome to contact their respective manager or Group Compliance when seeking answers to their questions relating to the Business Principles. Additionally, they may contact the SMA Speak-Up Line, which offers SMA employees as well as external parties (e.g. suppliers) the chance to report serious violations of the SMA Business Principles.
The SMA Speak-Up Line is administered through the external service provider “People Intouch,” and subject to local laws and regulations, it allows for the reporting of Compliance concerns anywhere and anytime. Such reports may also be made anonymously.
Your report will be forwarded exclusively to SMA Group Compliance, where it will be handled confidentially and professionally.
For more information regarding the use of the SMA Speak-Up Line, please see the Data Protection Policy.
If you have any questions, please contact the Group Compliance staff. In addition to the contact information to the right, the following contact form may also be used.