We have a culture of compliance
Complex requirements and continuously changing legal and normative frameworks demand clear standards and rules for corporate governance and for our collaboration.
In order to comply with these rules – which include applicable laws, guidelines, standards and agreements – the management of Ottobock has introduced a compliance management system. Our code of conduct, our internal policy prevention of corruption and a culture of compliance which is based on trust form important pillars of Ottobock’s compliance management system. We continually develop and update this system to ensure it reflects general social values and complies with the most recent legal requirements.
We’re a family business, which means we place particular value on open communication, honesty and cooperative relationships between all employees as well as with our customers and business partners as we implement our compliance goals.
“Encourage others to correct errors, be proactive and make decisions.”
Company founder Otto Bock, 1944
Code of conduct
Every Ottobock employee is responsible for their own actions and behaviour at all times. They must respect our corporate values and observe the company’s code of conduct to the best of their ability in everything they do. Our interactions are defined by trust, fairness and respect. This lays the foundation for integrity and honesty.
By taking into account international standards for human rights, employment, environmental protection and anti-corruption, the Ottobock code of conduct follows the universally recognised principles of the United Nations Global Compact.
The code of conduct encompasses the following eleven principles:
“Nearly 100 years on, our values – such as honesty, trust and reliability – are still intact. As the head of the family in its third generation, and as the owner and Chairman of the Board, I’m proud that our culture of mutual respect is alive and well.”
Professor Hans Georg Näder, Owner
The reporting office serves to provide all employees, customers and business partners with the opportunity to report breaches of compliance. This allows us to resolve these issues internally and prevent damage to our customers or the company in future.