The compliance program is designed to implement preventative actions and to enforce ABB’s zero tolerance for unethical behavior.
The program is implemented by the ABB Group compliance office, which is in charge of compliance matters for all ABB companies worldwide. The global compliance team is headed by the Chief Compliance Officer, and consists of regional teams with region and country compliance officers supported by a central team at ABB’s headquarters.
The main responsibilities of the ABB Group compliance office is to manage ABB’s Code of Conduct process, including training, and to operate the Business Ethics Hotline. The compliance office is also responsible for:
- Developing and ensuring implementation of ABB Group compliance directives
- Making sure ABB conducts itself appropriately when working with intermediaries and third party agents
- Ensuring compliance with records management and data privacy regulations.