The Corporate Governance Principles of Continental AG serve to make responsible corporate management, risk management, and anti-corruption a reality.
These Corporate Governance Principles are based on applicable statutory regulations, the German Corporate Governance Code, and our BASICS. They are intended to render corporate governance on the part of the Executive Board and the Supervisory Board transparent and understandable. They are, moreover, also intended to promote the confidence of investors, customers, employees, and the general public in the management and control of Continental AG as a publicly listed German stock corporation. Compliance with these Principles is an obligation incumbent upon the Supervisory Board, the Executive Board, and all employees of the corporation.
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As a global corporation, Continental must take into account a wide variety of risks. These could negatively impact our business and, in extreme cases, jeopardize the company's existence. We accept calculable risks if the resulting opportunities allow us to expect to achieve a sustainable growth in value.
A uniform corporation-wide risk management system is in place to ensure that risks are detected in time, their causes analyzed, risk assessment conducted and risks avoided or at least minimized. The risk management system regulates the recording, assessment, documentation, and reporting of risks and is integrated into the company’s strategy, planning, and budgeting processes. The risk management system is in full compliance with the Corporate Governance Principles of the Continental Corporation and with statutory regulations and is part and parcel of the annual audit.
Please click here for the detailed risk report as contained in the Annual Report 2015.
Continental respects the "Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy" of the International Labour Organization (ILO). The principles laid down in this declaration are considered guidelines for multinational enterprises, governments, and employers' and workers' organizations. The fundamental objective of the guidelines is to improve the working and living conditions of people worldwide.
Continental uses the Corporate Governance Principles, the corporate guidelines (BASICS), and the Code of Conduct as a basis for its continuous fight against corruption and bribery. Together, they form the basis of responsible corporate management and control founded on achievement of a long-term increase in value.
Unethical, illegal, or irresponsible behavior does damage to the company and its stakeholders, including customers, shareholders, suppliers, partners, and employees. A compliance & anti-corruption hotline has been set up to help track down any improper behavior more effectively. In this way, any Continental stakeholder who becomes aware of illegal or dubious activities – such as violations of our basic values or criminal activities – can report such activities effectively – and of course anonymously – to the hotline (e.g. in the case of suspected fraud, money laundering, or conflicts of interest).
Tips received by the compliance & anti-corruption hotline are passed on to Corporate Auditing and Corporate Compliance for investigation.
Please click here for further information.