Schneider Electric Subsidiary Awarded Certification for its Program to Prevent Corruption
Ethic IntelligenceMay 14th, 2014
Paris, France – May 14th, 2014–The ETHIC Intelligence Certification Committee awarded today an Anti-corruption Compliance System Certificate to Schneider Electric South Africa for the design and implementation of its program to prevent corruption.
The subsidiary of Schneider Electric Industries is the first company in South Africa to receive ETHIC Intelligence certification. Three members of the ETHIC Intelligence certification committee (François Vincke, President of the International Chamber of Commerce Anti-corruption Commission, Elizabeth Robertson, Partner and Head of Corporate Crime and Litigation at K&L Gates London and Jean-Claude Najar, Lawyer at the Paris bar with Curtis, Mallet-Prevost, Colt &Mosle LLP)awarded the certificate following an independent evaluation of an on-site audit report prepared by SGS.
The auditor and the committee evaluated Schneider Electric South Africa’s anti-corruption compliance program against ETHIC Intelligence terms of reference and in light of the company’s specific corruption risk.
Schneider Electric South Africa chose certification as a way to strengthen and improve its anti-corruption compliance program as well as stand out from competition in a country rated 44 out of 100 on Transparency International’s 2014 Corruption Perception Index.
Schneider Electric is a global specialist in energy management and automation. With revenues of €25 billion in FY2014, Schneider Electric’s 170,000 employees serve customers in over 100 countries. From the simplest of switches to complex operational systems, Schneider Electric’s technology, software and services improve the way people manage and automate their operations.
Since 2006, ETHIC Intelligence provides best practices certification of corporate anti-corruption compliance programs so companies can benchmark and communicate on their compliance achievements. The certification process relies on a two-tiered evaluation of compliance programs by accredited auditors and a committee of international lawyers, resulting in concrete recommendations for improvement of the program under review. The ETHIC Intelligence terms of reference incorporate the highest international standards issued to date and are regularly updated to reflect evolving international best practices, guidelines, recommendations and case law.
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