Corporate governance practices
As an internationally active Group, HUGO BOSS is aware of its corporate responsibility to its employees, society and the environment. Handling core business responsibly is an important prerequisite for ensuring competitiveness and long-term success. Thus, HUGO BOSS employees not only make the highest possible demands of the quality of the Group’s products but also take account of social and ecological factors in all activities along the value chain. Corporate responsibility is divided into six fields of actions: we, environment, employees, partners, product and society. HUGO BOSS always acts in compliance with the current regulatory frameworks as well as its internal guidelines. Sustainability
HUGO BOSS AG and the Group companies operate in many different countries and therefore in different legal systems. For HUGO BOSS, corporate compliance is a key responsibility of the Managing Board covering measures to ensure adherence to statutory and other legal requirements, internal guidelines and codes. These include data protection, antitrust and anti-corruption regulations as well as provisions under capital market legislation. HUGO BOSS expects all employees to act legally at all times in day-to-day business operations.
The Compliance department reports directly to the Chief Executive Officer in his role as Chief Compliance Officer and supports the Managing Board in the monitoring of effective compliance management. Together with the compliance officers at the Group companies, it ensures that the compliance program is implemented and continuously updated across the entire Group. The Audit Committee is kept regularly informed of the Compliance department’s activities.
HUGO BOSS has embodied Group-wide principles of good conduct in a Code of Conduct as well as in more detailed Group policies, thus creating the basis for ensuring the legality of all employee activities. They include in particular rules on conduct in competition, the avoidance of conflicts of interest, the appropriate handling of company information, data protection, fair and respectful working conditions and anti-corruption. Employees are familiarized with the provisions of the Code of Conduct and the Group policies on an ongoing basis. To this end, HUGO BOSS runs face-to-face training sessions and has also set up a global e-learning program that all Group employees with access to a PC must complete on a regular basis. HUGO BOSS does not tolerate any willful misconduct or persistent infringements of the Code of Conduct.
Employees can obtain support and advice on issues concerning legal conduct from their line managers or the Compliance Officer. As a supplementary reporting channel, HUGO BOSS has also established a Group-wide ombudsman system. Employees, suppliers and trading partners can notify an external ombudsman in confidence if there are any indications of fraud, infringements of antitrust law or breaches of compliance guidelines. If desired, it is also possible to do this anonymously. The ombudsman’s contact data can be found on the Company’s website.
Capital market communication
The trust of shareholders and investors is strengthened by means of open and transparent communication. HUGO BOSS reports regularly and without delay on its business situation and material changes within the Group. The investor relations activities include regular dialog with institutional investors, financial analysts and private shareholders. In addition to the annual press conference at which the consolidated financial statements and the annual report are presented, telephone conferences are held for financial analysts and institutional investors to mark the publication of the annual and quarterly results. The Group’s strategy and relevant developments are discussed in detail at an annual Investor Day. In addition to special information events at which the Company presents itself to private investors, the Annual Shareholders’ Meeting offers an opportunity to obtain information about the Group’s performance comprehensively and effectively, either in person or online. All main corporate information and all publications are available from the Company’s website. group.hugoboss.com