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 layers:

1. Oversight and directional

Shareholders Meeting and Board of Directors, CEO and Group Executive Management, Business Areas and Group Functions, Group Councils and Country Organization.

2. Culture and enabling structure

Sandvik's vision, core values, Code of Conduct and leadership model.

3. Operational system

Risk assessment, strategic planning, performance management, policies and procedures, compliance system and internal control, monitoring, Speak Up whistleblowing system and investigation process, internal and external auditing.

4. Business Area governance

Complementary steering based on business activities.

Read more about corporate governance within Sandvik