OMV operates in many countries with different cultures and laws. OMV has set up a compliance organization which ensures that OMV‘s standards are implemented consistently and that operations comply with local laws. OMV is the first Austrian company with a certified compliance management system based on the IDW PS 980 standard.
The OMV compliance organization manages
- Anti-Corruption and Business Ethics
- Prohibition of Insider Trading and Market Abuse
- Antitrust Law
- Trade Sanctions
The compliance organization is a cross-national organization of dedicated experts which is led by the Chief Compliance Officer. He reports directly to the Executive Board and to the Supervisory Board.