Compliance

At Fresenius, compliance with national and international legal and ethical principles is an integral part of our corporate culture. These principles, which underpin our professionalism, include honesty and integrity in relations with our patients, customers, suppliers, governments, employees, shareholders, and the general public. We make every effort to ensure that our employees know and comply with the relevant national and international rules. The Fresenius SE Code of Conduct contains the key principles and rules for conduct within the Company and in relations with external partners and the public. They are embodied in Company guidelines and procedures. Their purpose is to help our employees make the right decisions in their day-to-day work. The Fresenius SE Code of Conduct serves as model for the adoption and further elaboration of proprietary codes of conduct within all the business segments. As a rule, this does not affect the compliance programs already in place if they do not conflict with the spirit and intent of the principles of the Fresenius SE Code of Conduct. The Code’s principles and rules apply globally, through the business segments’ compliance programs, to all employees of the Fresenius Group. By complying with the laws and observing the principles and rules of the Fresenius SE Code of Conduct, every employee makes his or her contribution toward ensuring that Fresenius is perceived as an honest and reliable partner in the health care sector for patients, customers, suppliers, governments, and the public.

We have published the Fresenius SE Code of Conduct on our website at www.fresenius.com in the Who we are / Corporate Governance section.

At Fresenius SE, compliance is regarded generally as a management task on all decision levels. As a corporate governance function, the Corporate Compliance division reports to the Chief Compliance Officer, the member of the Fresenius SE Management Board responsible for Legal Affairs, Compliance, and Human Resources. The division supports the Chief Compliance Officer in establishing and implementing guidelines and procedures which shall ensure the applicable statutory requirements as well as the requirements of the Fresenius SE compliance program are adhered to.

Compliance activities and guidelines have been implemented in each business segment and a chief compliance officer has been appointed who is responsible for communicating information and for introducing, elaborating, and monitoring the compliance procedures in the respective business segment. He is supported by additional compliance officers appointed on the basis of the organizational and business structures. The employees of the Corporate Compliance departments support and advise the compliance officers at the business segment, regional and country levels so as to ensure that the same high ethical standards are applied throughout the Company and that Group values, applicable international and local laws and regulations, and the Company’s guidelines and procedures are adhered to. We organize training programs to instruct our employees about the applicable statutory requirements and internal company guidelines. Their superiors and the compliance officers in the business segments and at Fresenius SE are available as contact persons for guidance. An internal reporting system and individual audits by the Internal Audit division help to monitor and ensure adherence to legal requirements and compliance standards. The Internal Audit division conducts audits at the companies and in the business segments worldwide. The auditors have unrestricted authority, within the scope of their audit assignment, to demand information and inspect records at the companies audited.

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