Governance framework

We have an established governance framework including Group policies, Group procedures and other steering documentation to govern the way we conduct our business. We refer to this framework as The Sandvik Way.

Our governance framework, The Sandvik Way, is based on four building blocks:

1. Oversight & Direction

  • Shareholders Meeting & Board of Directors
  • President & Group Executive Management
  • Business Areas & Group Functions
  • Group Councils
  • Legal Entity & Country Coordination

2. Culture & Enabling structure

  • Vision
  • Core values
  • Code of Conduct
  • Leadership Model

3. Operational system

  • Group Strategies and Risk Assessment
  • Strategic Planning
    • Three-year plan
    • Forecasts & Targets
  • Policies & Procedures
    • Policy Compliance Programs
    • Financial Internal Control

Monitoring

  • Performance tracking & Performance reviews
  • Reporting
  • Speak Up & Investigations
  • Self-assessments

Auditing

  • External & Internal

Analysis & Continuous improvements

4. Business Area Governance

  • Sandvik Machining Solutions
  • Sandvik Mining and Rock Technology
  • Sandvik Materials Technology

Read more about corporate governance within Sandvik