Ethics Empowered, Compliance Ensured: Building Integrity at Cicor Group

We have developed and implemented comprehensive policies and procedures that outline our commitment to compliance and provide clear guidance to our employees, customers, and suppliers.

We provide regular training and education programs to ensure that all employees understand their responsibilities and obligations regarding compliance. This includes training on relevant laws, regulations, and company policies.

We conduct regular risk assessments to identify potential compliance risks and vulnerabilities. This enables us to implement proactive measures to mitigate risks and prevent compliance issues before they arise.

We have established monitoring and auditing mechanisms to assess compliance with internal policies and external regulations. This includes regular internal audits and reviews to ensure adherence to established standards.

We are committed to continuously improving our compliance management processes and practices. This includes reviewing and updating our policies and procedures as necessary to address emerging risks and regulatory changes.

Especially our services in the medical, industrial, aerospace and defence industries require higher regulatory and quality standards. Cicor has processes and guidelines in place to reach these demands. Assessments in each area of our services give us the possibility of continuous improvement. We ensure that our services and products meet all relevant regulatory requirements and industry standards. This includes compliance with product safety regulations, environmental regulations, and other applicable requirements.

Defence & Dual Use

The Company faces a wide range of legislation and requirements to cover in relation to its Defence / Dual Use and Aerospace sector. Cicor entities with a connection to products in defence or dual use area have implemented strong processes avoiding breaches along international and also national legal requirements (e.g. Dual Use Legislation, Mine Ban Treaty, Biological weapons convention etc.). The aim of our internal processes and regulation is to identify export bans and licensing requirements in the offer phase and to take these into account when drafting contracts. Each of the countries in which Cicor does business has controls on the export and transfer of its goods. As a global enterprise, it is Cicor's responsibility to respect and comply with each of these controls. Our export compliance policies define our processes to ensure compliance with all relevant export control laws and regulations.

We take data protection and privacy seriously and adhere to strict guidelines to protect the personal information of our customers. We comply with all relevant data protection laws and regulations, including the General Data Protection Regulation (GDPR).

We are committed to transparency and accountability in our interactions with customers. We provide clear and accurate information about our products and services, including relevant compliance certifications and assurances.

We require all suppliers to adhere to our Supplier Code of Conduct, which outlines our expectations regarding compliance with laws, regulations, and ethical standards. This includes among other things anti-bribery & corruption, human rights, global trade compliance and environment.

We conduct through evaluations of potential suppliers to assess their compliance capabilities and track record. We also monitor supplier performance on an ongoing basis to ensure continued compliance with our standards. Together with our partner IntegrityNext we try to provide our suppliers a digital platform for efficiently sharing their compliance data and information with us.

We believe in building collaborative and mutually beneficial relationships with our suppliers based on trust, transparency and integrity. We work closely with our suppliers to address any compliance issues or concerns and implement corrective actions as needed.