Compliance

“Compliance” means adherence to all laws, regulations and guidelines, as well as contractual obligations and voluntary commitments. Accordingly, not only violations of the law, but also actions that breach internally established rules, such as the articles of association, partnership agreements, rules of procedure, internal guidelines and codes of conduct of the respective company or group, are considered relevant to compliance.

In addition to public criticism and the associated reputational damage, legal violations can also lead to liability claims and substantial fines. In order to reduce or prevent the risk of both violations of the law and breaches of internal regulations, the Code of Conduct and the Compliance Management System have been in effect throughout the Wien Holding Group since 1 January 2016 and have been communicated to employees. The Code of Conduct applies to all employees of the Group and sets out the principles and values of Wien Holding. The Compliance Manual governs the organisation as well as the tasks and responsibilities within the Compliance Management System. Decentralised Compliance Officers have been appointed in the subsidiaries to serve as points of contact within the respective companies and to report regularly to the Chief Compliance Officer of Wien Holding on the current status.

The EU Whistleblowing Directive, which came into force in December 2021, aims to protect individuals who report violations of EU law. The Directive was implemented through the Whistleblower Protection Act. The Act requires the establishment of a reporting channel that enables violations of EU law to be reported confidentially.

Wien Holding has established a corresponding whistleblowing system for all of its companies. Reports of potential violations can be submitted as follows:

Email address: hinweis@whhinweis.at Opens in new window