MAN takes action against irregular conduct
In conducting its investigations, the internal audit function found irregularities regarding payment transactions in individual cases. As a result of this, the necessary organizational action and appropriate personnel measures were taken. The rules for allocating legitimate commission have been systematically strengthened over the past few years in order to ensure transparency. This includes a dual authorization principle, the prohibition of cash payments and a code of ethics for sales employees. A compliance system was also introduced.
MAN has parted with several employees in the past who have been shown to have acted contrary to regulations. Some of these cases were reported on in the media. If the internal investigations or those being conducted by the public prosecution authorities now find evidence of additional cases of personal misconduct by employees, the company will also take action under labor law.
The MAN Group is one of Europe's leading industrial players in transport-related engineering, with revenue of approximately €15 billion in 2008. As a supplier of trucks, buses, diesel engines, turbo machinery and special gear systems, MAN employs approximately 51,300 people worldwide. Its business areas hold leading positions in their respective markets. MAN AG, Munich, is listed in the DAX (German Stock Index), which comprises Germany's thirty leading stock corporations