Compliance at Wincor Nixdorf

For Wincor Nixdorf AG, responsible and lawful conduct is a prerequisite for quality, business success and sustainable corporate development. The Board of Directors therefore regards compliance as a fundamental management task and has pledged in its compliance statement to respect the law, while expressly acknowledging the need for lawful, social and ethical conduct.
Wincor Nixdorf has designed a Compliance Management System (WN CMS) tailored to the requirements of an international group. This involves establishing a compliance structure, and the process of devising the compliance program

At Wincor Nixdorf, the overall compliance structure has two key elements. On the one hand, Compliance Management is linked to Wincor Nixdorf’s business activities so that it becomes an integral part of existing processes; at the same time, the Group has developed a Compliance Officer system that supports management by implementing and carrying out compliance measures.
As early as 2007, Wincor Nixdorf appointed a Chief Compliance Officer (CCO) at Holding level with authority to report directly to the Board of Directors, the Audit Committee of the Supervisory Board and the Supervisory Board. The Compliance Officer is responsible for coordinating and managing the global implementation of compliance measures and for ongoing development of the WN CMS as agreed with the Board of Directors. The role of the local compliance officers (Local COs) appointed within Group companies is to ensure that the CMS is implemented and observed at regional level and to report back to the CCO.

The Compliance program consists of the areas prevention, detection and reaction. Within the prevention area a great deal of importance is attached to the regular compliance training courses, which include both attended and online sessions. Wincor Nixdorf’s existing communications program includes a quarterly compliance newsletter and the compliance portal on the Wincor Nixdorf intranet. Furthermore, the Compliance Office is available to advise employees on all matters relating to the WN CMS.

The WN CMS is subject to an ongoing process of development to ensure that Wincor Nixdorf can respond to changes in the legal and economic conditions governing its international business.