In­ter­nal Au­dit­ing and Joint Ven­ture Man­age­ment De­part­ment

The department and its Audit Division perform the task of our risk-oriented and process-independent corporate monitoring. In this way the Internal Audit supports the Executive Board in fulfilling its monitoring duties. Its tasks relate to our organisation as a whole and aim to identify weaknesses, optimise business processes and safeguard assets.

In addition to traditional audits, Internal Audit is increasingly providing audit-independent consulting services, making it a modern internal service provider for us. Objective auditing and consulting services ensure the appropriateness and regularity of procedures, structures and measures and improve business processes. This makes a significant contribution to increasing the value of the organisation and promoting the trust of shareholders and stakeholders.

One of the focal points of the objective and independent auditing and consulting activities of our Internal Audit is compliance with legal and regulatory requirements, in particular those of our funding bodies. Auditing the functionality, effectiveness, efficiency and appropriateness of the internal control, management and information systems is another core task of Internal Audit.

Joint Venture Management

The department is also responsible for the management and controlling of the various memberships and participations that we hold in companies and organisations. It is the focal point of contact, particularly for administrative issues relating to our participations and memberships at every stage – initiation, administration and winding up. The unit is also point of contact for special liability risks under company law that may arise from our institutional cooperation within the framework of networks and collaborations.

Quality management