Vienna Conference Centre Emphasizes Importance of Compliance Culture

Maintaining Exemplary Conduct in Austria’s Largest Meeting Venue

The Vienna International Centre (VIC) has reaffirmed its commitment to maintaining a strong compliance culture, solidifying its position as Austria’s premier conference destination. As the country’s largest conference venue, operated under the umbrella of Internationales Amtssitz- und Konferenzzentrum Wien, Aktiengesellschaft (IAKW-AG), VIC prioritizes exemplary conduct in all aspects of its operations.

What is Compliance?

At its core, compliance refers to adherence to applicable laws and regulations by both the company and its employees. However, it extends beyond mere legal requirements, encompassing generally accepted principles that foster positive interactions with business partners, stakeholders, and colleagues alike.

VIC’s Comprehensive Code of Conduct

To reinforce its emphasis on compliance, the company has adopted a comprehensive Code of Conduct that outlines its expectations and values. Employees are expected to conduct themselves in accordance with these standards, underscoring the importance of personal accountability in upholding the VIC’s reputation.

The Role of the Compliance Officer

A vital element of the compliance management system is the appointment of a Compliance Officer. This senior role oversees the operational implementation of the company’s compliance strategy and serves as the central point of contact for all compliance-related matters. The Compliance Officer operates independently, free from directions, to ensure the effectiveness of the compliance framework.

Risk-Centred Compliance Approach

As part of its risk-centred compliance approach, the VIC identifies potential compliance risks and defines processes to mitigate them. This involves:

• Designating risk owners to oversee specific areas of risk
• Providing targeted training to safeguard against non-compliance
• Offering regular staff training sessions to equip employees with the skills necessary to recognize and address compliance issues

Prioritizing a Robust Compliance Culture

By prioritizing a robust compliance culture, the Vienna International Centre aims to maintain its position as Austria’s leading conference destination while upholding the highest standards of integrity and professionalism.