CODE OF CONDUCT AS A TYPE OF COMPLIANCE REGULATION ILLUSTRATED BY THE GUIDELINES OF DEUTSCHE VERMÖGENSBERATUNG AG
CODE OF CONDUCT AS A TYPE OF COMPLIANCE REGULATION ILLUSTRATED BY THE GUIDELINES OF DEUTSCHE VERMÖGENSBERATUNG AG

Summary/Abstract: Тhe English term ‘compliance’ is also used in German to describe a department that ensures adherence to rules and regulations within a company. In many cases, ‘compliance’ is understood as a guideline for behavioural regulations and is also intended to help hierarchical structures to adhere to legal regulations imposed outside the company. By putting such guidelines in writing, every employee can be reached and informed. The easy duplicability of a transcript is also helpful in making new colleagues familiar with existing rules. Such a document is referred to as Code of Conduct. The current publication illustrates compliance regulations based on two companies that (have to) deal with ‘compliance’ responsibilities differently. One of these is entitled ‘Mission Statement of Deutsche Vermögensberatung’ and is intended to illustrate the vision of the founders and members of the Executive Board to the partners of the company and serve as a guide. However, companies with a classic hierarchical structure are expected to provide more than just a Mission Statement, since it does not represent a direct Code of Conduct. An example of such type of company is Generali Group, which a co-operation partner of Deutsche Vermögensberatung AG (DVAG for short) and has published its own clear code of conduct. These two variants are compared and discussed as to why they (should) be handled differently.

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