Corporate Governance & Compliance

Corporate Governance is a system to manage and supervise the company. It defines how rights and duties are distributed among company stakeholders, including executive management, employees, and customers. The governance at Škoda Auto Volkswagen India Private Limited is a set of methods, and procedures committing us to maintain a balanced relationship between the company and its employees.

The aim is to engage in responsible, qualified, and transparent business management focused on the company’s long-term success and the protection of stakeholder interests. At the same time, corporate policy rests on principles enshrined in “Our Code (Code of Conduct)” at SAVWIPL. Our Code is based on the application of accepted social values.

At Škoda Auto Volkswagen India, we firmly believe that honest, responsible, and compliant conduct is the foundation for earning and maintaining the trust of our employees, customers, shareholders, business partners, and the general public. Upholding the principles of Integrity and Compliance is essential not only for safeguarding our long-term economic success but also for supporting the company’s direction under the Škoda Auto Volkswagen India Corporate Strategy 2032, which is in line with our brand headquarters Škoda Auto’s Next level Strategy 2030, and is thus on par with the quality of our products, our financial KPIs, and the satisfaction of our customers.
Integrity and compliance principles are not limited to external business relations, they apply across all internal and external company activities. With this approach, Škoda Auto Volkswagen India demonstrates that its conduct will comply with legal and internal regulations, ethical and other rules voluntarily adopted by the Volkswagen Group and Škoda Auto such as, among others, fair competition, finances and tax, prevention of corruption, environmental protection, and relations with employees including the support of equal opportunities, prohibition of discrimination and upholding human rights. The Governance, Risk & Compliance team at Škoda Auto Volkswagen India is responsible to oversee the implementation of these values by means of providing orientation on Compliance-related matters and supporting for the implementation of appropriate measures to raise awareness among the workforce and third parties. For compliance consultation at Škoda Auto Volkswagen India channels are available to get in contact with GRC (G/O): compliance@skoda-vw.co.in

The Code of Conduct sums up fundamental principles underlying the conduct of SAVWIPL employees and is instrumental in responding to legal and ethical challenges.

SAVWIPL’s reputation is a core value relying on the resolve shown by employees around the world to act in keeping with our Code of Conduct and all laws. The “Code of Conduct ” has become part and parcel of our corporate culture.

The Škoda Auto Group’s risk management structure is built on a common principle of risk management within the Volkswagen Group complying with German legislative requirements. Risk management, as an operational component of the corporate process, must pinpoint individual risks down to the last detail, assess how great they are, take action to eliminate them, and document how effective the response has been.

Škoda Auto Group’s global operations on automotive markets throw up numerous risks that could dent its financial performance and business success. At the same time, economic and regulatory changes can offer opportunities that the group then strives to seize so that it is able to consolidate and build on its competitive position.

Business and Human Rights