For fair treatment of our stakeholders.
PORR has had group-wide issuer compliance guidelines in place for more than a decade. The guidelines, which of course also apply at PORR Suisse AG, set out principles for the sharing of information, define measures to prevent misuse of insider information, and govern all measures designed to ensure compliance with the relevant statutory provisions and to avoid conflicts of interest. Naturally, the guidelines are regularly updated to take into account any changes in legal regulations. An internal compliance manager monitors adherence to all guidelines.
Compliance at PORR
Operating on the basis of the group’s business ethics (PORR code of ethics) and corporate values (PORR spirits), the compliance organisation is responsible for ensuring legally compliant conduct and adherence to the Austrian Code of Corporate Governance. This is ensured by means of the compliance management system (PORRCMS) for the implementation of internal guidelines (e.g. anti-corruption guidelines).
Cooperation with the internal audit, HR and legal departments, as well as with group management, is a key factor in ensuring that the compliance organisation operates effectively. As a listed company, PORR AG must also comply with all of the provisions of the Austrian Stock Exchange Act and the EU market abuse regulation (“MAR”) applicable since 3 July 2016. This is an essential part of the compliance function and organisation.
All PORR compliance rules are fully applicable at PORR Suisse AG and are implemented accordingly.
- a compliance management system (manual),
- issuer compliance guidelines,
- guidelines on preventing corrupt behaviour,
- other guidelines (on antitrust law, checking contracts and business partners, preventing illegal employment of foreign workers and social dumping, as well as preventing money laundering and the financing of terrorism),
- a range of other guidelines and service instructions (purchasing, hospitality, donations, financial accounting, etc.),
- a new whistleblower system in accordance with Art. 32 MAR,
- multi-year training plans for group employees.
All of the compliance guidelines are documented in the IMS and provided in multiple languages.
Risk assessments, checks and internal audits are performed to continuously monitor the compliance management system. Breaches are punished and are often used to identify potential improvements to the policy.
In 2016/17, PORR amended its compliance management system to fulfil the requirements of national and international standards, specifically ISO 19600 Compliance Management Systems (international standard), ISO 37001 Anti-Bribery Management Systems (new international standard) and ONR 192050 Compliance Management Systems (Austrian standard) and has also held certification for these ISO and ONR standards since November 2017.