Compliance

We interpret compliance to mean observing laws and internal rules. We started to implement an integrated system for compliance management, risk management and the Internal Controlling System. The preventive character of the Management System successfully introduced is complemented by the more comprehensive Compliance Management System (CMS). The further development of the CMS is based on the new auditing standard promulgated by the authorities, which defines the conditions for an appropriate framework and provides the necessary fundamental elements.

The Values Management is an integral element of the CMS. It is used to prevent and track any corruption. It has been an integral element of any agreements on employment contracts between employees and managers at Maj Aero Company.

Value Management

Strategy & Organization

We understand the Compliance Management System as a systematic instrument to ensure behaviour that complies with the law and regulations. Preventive and organisational measures shall simultaneously minimize the liability risk of the company, of the company’s executive and supervisory bodies and of each employee. The value-based corporate culture continues to be the base of the development of the Compliance Management System.

Risk Management

The primary objective of the risk management system is to ensure a controlled treatment of risk. This gives us room to manoeuvre, enabling risks to be taken if the weighting of opportunities and risks entered into are favourable. As part of our value-oriented management approach, we make our capital expenditure decisions based on this principle.

The Corporate Governance Code of Maj Aero Company specifies the important principles in the management and supervision of the company and contains nationally and internationally acknowledged standards of good and responsible corporate management to which MAJ Aero Company is committed.

Exercising good corporate governance, MAJ Aero Company courts the confidence of clienteles and affiliates, promotes the readiness to invest and collaborate, and continues a long-standing tradition of exemplary corporate governance.

MAJ Aero Company has introduced a number of management systems necessary for the arrangement of a responsible management control in the business processes. These management systems include quality management, compliance management, service management and business continuity management.

QUALITY MANAGEMENT SYSTEMS

The standards provide guidance and tools in ensuring that our products and services consistently meet your requirements, and that quality is consistently improved.

ENVIRONMENTAL MANAGEMENT SYSTEMS

It provides practical tools to identify and control the environmental impact and constantly improve the environmental performance.

BUSINESS CONTINUITY MANAGEMENT SYSTEMS

Specifies requirements to plan, establish, implement, operate, monitor, review, maintain and continually improve a documented management system to protect against, reduce the likelihood of occurrence, prepare for, respond to, and recover from disruptive incidents when they arise.

COMPLIANCE MANAGEMENT SYSTEMS

Provides guidance for establishing, developing, implementing, evaluating, maintaining and improving an effective and responsive compliance management system within our organization.

CORPORATE STATEMENT