Test Your Knowledge: “Corporate Compliance”

An dieser Stelle geht es oft um Begriffe, denen Sie immer wieder im Berufsalltag begegnen, die viele wie selbstverständlich benutzen, unter denen man sich auch vage etwas vorstellen kann. Doch eine genaue Definition kann einem nicht jeder geben. Damit Ihnen das nicht passiert, beschäftigen wir uns heute einmal mit dem schönen Begriff „Corporate Compliance“.

Möchten Sie sich an einer Definition versuchen? Nur zu!

Exercise: “Corporate Compliance“

Bitte definieren Sie – natürlich in ganzen Sätzen und auf Englisch!

  1. Was bedeutet „Corporate“?
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  2. Was bedeutet „Compliance“ allgemein?
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  3. Was versteht man unter der Kombination „Corporate Compliance“ und woher kommt der Begriff?
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Answer key

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Warum ein Verhaltenskodex wichtig ist

Now let us take a closer look why employees should be concerned about corporate compliance. Let us assume a corporate compliance guideline.

Exercise: Corporate Compliance Guideline

Please translate into German this introduction to a compliance guideline:

  1. XY’s distinct strengths over many years contribute to a reputation which could be damaged in the blink of an eye through the careless or improper actions of just one single employee.
  2. To prevent this we have formulated the following guidelines to influence all employees’ activities.
  3. We are committed to:
    • fair competition,
    • integrity,
    • the principle of sustainability,
    • national and foreign trade laws,
    • equal opportunities, …
  4. These guidelines will be modified as necessary by local and international laws and standards.
  5. They will be developed by the changing legal and economic environments that affect our business globally.

Answer key


Jokebox


Integrity A lady went into the pharmacy and said to the pharmacist, “I would like to buy some cyanide”. The pharmacist asked, “Why in the world do you need cyanide?” The lady replied, “To poison my husband.”
“Lord have mercy!”, the pharmacist replied, “I can’t give you cyanide to kill your husband. That’s against the law!”
The lady reached into her purse and pulled out a picture of her husband holding hands with the pharmacist’s wife. The pharmacist looked at the picture and replied, “Well, that’s different. You didn’t tell me you had a prescription.”


Quote


“Success or failure depends more upon attitude than upon capacity. Successful men act as though they have accomplished or are enjoying something. Soon it becomes a reality. Act, look, feel successful, conduct yourself accordingly, and you will be amazed at the positive results.”

William James

This translation was not so easy? You are right. There are some technical terms in it which you have to learn by heart if you want to be able to write such texts yourself. You would like some more examples? Many global players, such as Bayer and Henkel, publish their “Corporate Compliance Policy” or “Code of Conduct”, which you can look up on the internet for further details.

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