OSRAM Opto Semiconductors does not tolerate corruption, illegal or unethical behavior. This is laid out in the OSRAM Business Conduct Guidelines, which constitute a binding document for all our employees. We do not leave it at that however: Our compliance organization is carrying out compliance training, and our operational units are checked by internal audits.
Different types of training are carried out at OSRAM and OSRAM Opto Semiconductors, depending on the function of the employee trained. The roll-out of these trainings is continuing smoothly, starting with our headquarter in Munich and expanding globally.
- Training for senior management takes place as an in-person training covering Anti-Bribery and the Foreign Corrupt Practices Act (FCPA), Gifts & Entertainment, Competition Law, and the process of possible investigations. A total of around 600 OSRAM managers were trained in 2007, 100% of relevant senior managers.
- A web-based training was implemented for employees with signing authority, employees in management positions, and employees with direct contact to customers. The training covers anti-bribery laws and the principles of global fair competition. 2007 saw 600 OSRAM employees taking this training in Germany, with the global roll-out to follow in 2008.