Internationales Amtssitz- und Konferenzzentrum Wien, Aktiengesellschaft (IAKW-AG) is responsible for managing and maintaining the Vienna International Centre (VIC) and operating the Austria Center Vienna (ACV). As Austria’s largest conference centre, adopting and living by a compliance culture that ensures impeccable and exemplary conduct is especially important to us.
In its most literal sense, the term compliance means adherence to all applicable laws and regulations by the company and its employees. But beyond that, it also means observing generally accepted principles that are intended to positively shape the behaviour of business partners, stakeholders and employees, and our dealings with them. At our company, compliance goes right to the heart of our day-to-day activities. It is a central element of our corporate culture and an indispensable building block for lasting success. Binding for all employees, our Code of Conduct clearly sets out our expectations and values. Employees are expected to behave in line with these standards.
The company-wide compliance guidelines also call for the establishment of a compliance management system, which is designed to provide a framework that ensures continued adherence with expected standards. The compliance management system is overseen by the Management Board, which is the most senior governing body. The Management Board is supported by a Compliance Officer. The Compliance Officer is responsible for the operational implementation of the compliance strategy and serves as the central point of contact for employees and third parties for all compliance-related matters. In this role, the Compliance Officer is not bound by directions, in order to ensure the effectiveness of our compliance management system. As part of a risk-centred compliance strategy, potential compliance risks are identified and risk processes defined to avoid them. Risk owners are appointed and receive specific training to help safeguard against compliance risks. These measures are supported by regular staff training measures designed to ensure that employees can identify compliance-related issues and act accordingly.
