TK tightens regulations for anti-corruption compliance

Apr 17, 2013 | 12:49 PM | Elfi Middelbeek

Tags  ThyssenKrupp, Ulrich Lehner, anti-corruption, anti-competition, steel, Elfi Middelbeek

LONDON — ThyssenKrupp AG is tightening its policies regarding compliance with external and internal requirements on anti-competitive practices and anti-corruption laws, the company said April 16.

The German steelmaker has appointed an ombudsman and instituted a temporary amnesty program for employees who disclose information.

Under the amnesty program, employees who reveal information on violations of such practices or internal compliance policies before June 15 won’t be held accountable for past malpractice. ....

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