Governance

The Group has an established governance framework including Group policies, Group procedures and other steering documentation to govern the way it conducts its business.

We aim to ensure efficient and value-creating decision-making by clearly defining the division of roles and responsibilities among shareholders, the Board of Directors and the Group Executive Management. All decision-making is supported by the Group's management systems.

Corporate governance is based on applicable legislation, the rules and regulations of Nasdaq Stockholm, the Swedish Corporate Governance Code and internal policies and procedures. All shareholders are entitled to exercise their voting rights in the highest decision-making body, the Annual General Meeting of Shareholders.

Sandvik’s employees are given the opportunity to gain insight into and exert an influence over the company’s operations through their union representatives, since they are entitled to union representation on the Board under Swedish legislation.