Daimler Board to Expand with Integrity and Legal Position

German automaker Daimler AG announced today its plans of creating a new Board of Management position for "Integrity and Legal." It appears the new position will be filled externally, and the tasks that go with it will include managing the global Legal and Compliance Organization, business ethics and integrity throughout the Group.

Daimler therefore aims to create a corporate culture that meets the highest ethical demands and has decided to further expand its compliance activities, with the inclusion of relations with business partners.

"Compliance and integrity are extremely important to the Daimler Group and we intend to set new standards in this respect. Another aspect is that the requirements placed on a globally active company by regulations and legislation are constantly becoming stricter and more complex. This is why we have decided to create a dedicated Board of Management position for Integrity and Legal. We already have a clear idea on how to set up the position,"
stated Manfred Bischoff, Chairman of Daimler's Supervisory Board.

All of the new activities will be carried out in addition to the programs already established in recent years.

The measures taken include establishing the position of a Chief Compliance Officer reporting to the new member of the Board of Management, setting up a global Compliance Organization, placing compliance managers in numerous subsidiaries and operating units, and developing an international training program including regular compliance conferences, seminars and information.

A Compliance Consultation Desk has been established offering Daimler employees individual advice on questions related to the area of compliance at Daimler. Furthermore, each employee as well as external personnel will be allowed to inform the company of any compliance issues.
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