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May 2014

Ethical culture change at Siemens: a case study

Siemens is a globally operating technology company with core activities in the fields of energy, healthcare, industry and infrastructure
This case study investigates how following scandal, Siemens turned its business around by embedding strong corporate governance, and an emphasis on transparency and trust.
It shows how an organisation can build resilience by creating a culture change that reinforces integrity, ethics, transparency and trust, across a complex global business value chain following corporate crisis.
Find out the steps CGMAs can take to embed governance and ethics throughout the value chain.

 

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Prevention is about training in the anti-corruption policies, detection is about monitoring and controlling how the policies are working and responding is about taking action on violations. If somebody crosses the line and nothing happens, then your programme is not worth the paper it’s printed on.

John Garred UK regional compliance officer, Siemens

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