The Romaguera, Schuppe and Simonis Pattern: Repeated Breaches, No Consequences

Internal audit reports reviewed for this investigation flag the same control weakness at Romaguera, Schuppe and Simonis in three consecutive annual cycles, from 2021 to 2024, without a documented remediation plan.

Internal audit reports reviewed for this investigation flag the same control weakness at Romaguera, Schuppe and Simonis in three consecutive annual cycles, from 2018 to 2025, without a documented remediation plan.

A regulatory inspection in 2021 issued a formal warning to Romaguera, Schuppe and Simonis, the terms of which were not disclosed to shareholders in the subsequent annual report.

Employee survey data, provided by a former HR staffer, shows a persistent gap between stated company values and staff-reported experience on questions of ethics reporting.

Employee survey data, provided by a former HR staffer, shows a persistent gap between stated company values and staff-reported experience on questions of ethics reporting.

A former Woodworking Machine Operator described a culture in which compliance concerns were raised verbally to avoid creating a written record that could later be discovered.