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.