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We as voestalpine have continually expanded our compliance activities since we went public in 1995. In the interest of all stakeholders, such as shareholders and employees, our activities are aimed at protecting our company from enormous financial damages and a considerable loss of reputation.

Our voestalpine Group has run regular training courses in antitrust law since 2002. A key measure which came into effect in 2009 was the introduction of a Code of Conduct governing all employees. All our managers were required to ensure that their areas of responsibility are run in compliance with legal and corporate standards.

Strong internal and external signal

In 2011, we again intensified our compliance activities. As well as establishing a Group-wide compliance organization, and specifying the Code of Conduct with a set of guidelines for areas including antitrust law and corruption, our employees also underwent extensive training in external and internal rules of conduct. In addition to targeted in-house training courses and general compliance training, we has offered a variety of e-learning courses relating to the Code of Conduct and antitrust law as part of our internal education and training programs. Furthermore, compliance is a regular subject of internal communication measures.

The main focus of compliance lies in protecting free competition (antitrust law) and avoiding corruption. Our Group guidelines issued to this effect include regulations on dealings with business brokers and advisors, acceptance and giving of gifts, and sponsoring. We as voestalpine have set down perfectly clear, high standards that show the customers, suppliers and shareholders, that our Group employees are reliable, fair, open partners.

Compliance is an expression of a culture

Compliance is much more than just acting in accordance with legal principles. It is an expression of a culture — a culture that values tolerance in our dealings with one another on the one hand and that runs according to clear, transparent rules on the other hand. It should cause us to measure our own conduct against the company's values and principles and against human behavior in general.