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More Henkel Corporate Reporting 2014
The Head of the Corporate Audit department reports directly to the Chairman of the Management Board. We carry out regular audits based on our risk-based audit planning at our production and administration sites, and at our subcontractors and in logistics centers, to verify compliance with our codes and standards. The audits are a key instrument for identifying risks and potential improvements.
In 2014, we conducted 65 audits around the world. In the course of the audits, a total of 2,131 corrective actions were agreed upon. The main emphases in 2014 were on processes in purchasing and in the shared services, local human resources management, the supply chain, and on our Safety, Health and Environment (SHE) Standards.
Compliance with the SHE Standards was audited at 93 sites, resulting in the initiation of 480 optimization measures. Maintenance of our Social Standards and our Diversity & Inclusion Policy was integrated into the audits carried out at 17 sites in different parts of the world. All audit results are included in the Corporate Audit department’s annual report to the Henkel Management Board and the Audit Committee of the Supervisory Board.
In addition to audits, we increasingly carry out reviews of our internal monitoring systems (in three countries in 2014). These consist of self-assessments by the reviewed Henkel companies. Also in 2014, in seminars and during our audits, we trained 569 employees on aspects of compliance, risk management and internal monitoring.