The Chairman of the Board of Directors entrusts the Risk and Compliance Committee of the Kuehne + Nagel Group to support the Board of Directors and the Management Board when adhering to the standards of good corporate management. This in particular refers to evaluating the risks of the Kuehne + Nagel Group and to taking adequate measures for minimising risks and safeguarding the adherence to external and internal regulations.
The functional responsibility for the design and implementation of the Ethics and Compliance Programme is delegated to the Chief Compliance Officer who has the expertise, independence and authority to implement the programme in all business areas and subsidiaries.
This is accomplished in close cooperation and with the support of the Kuehne + Nagel management and other qualified resources and functions. In recognition of the crucial importance of the Ethics and Compliance Programme, the Chief Compliance Officer reports directly to the Chief Executive Officer. Further reporting exists to the Audit Committee Chairman of the Board of Directors and the Group General Counsel. The Chief Compliance Officer is supported by corporate, regional and local compliance representatives and also involves other internal functions, such as Internal Audit, Legal or Human Resources.