Regional Compliance Officer (RCO)
The person responsible for implementing the Compliance Program in Brazil is the Regional Compliance Officer (RCO), who reports to the Chief Compliance Officer (CCO). Furthermore the RCO continuously instructs employees about Compliance Program requirements and also ensures that every two years management personnel commits in writing to comply with the Business Conduct Guidelines. The Regional Compliance Officer plays the role of being first point of contact when infractions are made to the Business Conduct Guidelines and is responsible for investigating potential Compliance violations.
It is particularly important to ensure that any person who communicates potential infractions be protected from retaliation. If the violation is confirmed, the Regional Compliance Officer is responsible for implementing the disciplinary measures necessary.
- Overview
- Chief Compliance Officer (CCO)
- Corporate Compliance Office
- Group Compliance Officers (GCO)
Chief Compliance Officer (CCO)
At Siemens AG, the Chief Compliance Officer (CCO) heads the global Compliance organization. The CCO reports to the Siemens Management Committee, the Corporate Executive Committee and the Managing Board’s Audit Committee.
Corporate Compliance Office
In addition to being responsible for the Group and Regional Compliance Officers, the Chief Compliance Officer also heads the Corporate Compliance Office, which includes the participation of specialized attorneys in its staff. At Siemens AG, the Corporate Compliance Office is responsible for all legal company matters relating to Compliance. The attorneys that are part of the Corporate Compliance Office also handle criminal and administrative investigations for the entire company and their function is to defend Siemens’ interests.
Group Compliance Officers (GCO)
Like the Regional Compliance Officer (RCO), it is the responsibility of the Group Compliance Officer, in Germany, to implement the Compliance programs in their own areas of responsibility. The Group Compliance Officer reports to the Chief Compliance Officer (CCO) and performs functions that are similar to that of the RCO, described above.