Introduction to the Code of Business Conduct by Franz Fehrenbach, Chairman of the Board of Management, Robert Bosch GmbH
From its beginnings as the “Workshop for Precision Mechanics and Electrical Engineering” established by Robert Bosch in 1886, the Bosch Group has developed into a leading global supplier of technology and services. Throughout its history, the company has been guided by the values and ethics of its founder. These include the principle of legality, which obliges each of us to observe compliance with the laws of the countries in which we do business.
Robert Bosch himself wrote in 1921: “In the long term, an honest and fair approach to doing business will always be the most profitable. And the business world holds such an approach in much higher esteem than is generally imagined.” These words express a conviction to which we are equally committed today: the conviction that reliability, credibility, and in particular legality are indispensable elements of our business success.
This firm commitment unites all Bosch associates worldwide, irrespective of national boundaries or cultural diversity. Legality is one of the fundamental values of our company, and of paramount importance for us as members of the board of management. We expect all our associates to follow the principle of strict compliance with all legal requirements. Violations of the law are not tolerated in our company. This applies without exception.
To demonstrate the significance of this principle, we have summed up our position with regard to legal requirements and ethical issues. We are making this guide available as a Code of Business Conduct for all our associates. It is designed to outline the basic standards we seek to adhere to in our work, and is intended to be a guide to doing business “the Bosch way”. If you are ever in doubt about what the right decision should be, or whether the right decision has been made, we urge you to consult your supervisor, the compliance officer appointed for your country, or your legal department.
Together we shoulder the responsibility for the reputation of our company. This Code of Business Conduct and the Bosch values provide a strong foundation to build the trust that is so important for our business success.