Corporate governance
Corporate governance at Sandvik aims to ensure an efficient organization, clear allocation of responsibilities, transparency and solid management structures to promote stakeholder confidence and sustainable value creation.
Sandvik AB is a public company with its shares listed on Nasdaq Stockholm. Corporate governance within Sandvik is based on external rules such as the Swedish Companies Act, the Swedish Corporate Governance Code (the “Code”), and the Nasdaq Nordic Main Market Rulebook for Issuers of Shares, alongside internal rules such as the Articles of Association, the Board’s procedural guidelines and the company’s policies and procedures. Our corporate governance framework, The Sandvik Way, implements these external and internal rules and sets out common principles and ways of working throughout the organization, as further described below.
The Code is available at corporategovernanceboard.se. In 2025, Sandvik applied the Code without any deviations from its regulations.
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Corporate governance reports
Latest Corporate governance report
Previous Corporate governance reports
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Governance framework
The corporate governance framework at Sandvik, The Sandvik Way is based on three segments, as illustrated in the model below.
The Sandvik Way
Governance structure
- Shareholders' Meeting and Board of Directors
- President and Executive Management
- Business areas, Group functions
- Divisions
- Business units, distribution centers, production units, sales areas, sales units
This segment outlines how the Sandvik Group is led and governed. The Board, elected at the Shareholders’ Meeting, sets the strategic direction for the Group. The President carries this out through the Group Executive Management whose members manage and oversee the operations of the Group. The main operational responsibility in the Group lies with the business areas and divisions, whereas the Group functions are responsible for functional policies and processes supporting the business.
The Sandvik Way has been implemented in each of the business areas, with additional requirements cascaded down in the operational structure of the business areas.
Operations
- Sandvik strategy, Risk management
- Objectives and Key Results, Policies and procedures
- Finance forecasting and scenario planning
- External reporting
- Performance management, Compliance and Speak Up
- Internal control
- Internal audit, External audit
The detailed controls and risk frameworks common across the Group are detailed in this segment. This includes many aspects such as strategy and risk management, policies, financial forecasting and scenario planning, as well as compliance, internal controls and audits. Performance management, controls and continuous improvements provide a solid basis for our ways of working.Corporate culture
- Purpose
- Core values
- Code of Conduct
- Leadership Model
This segment sets the foundation for how we all shape our culture in the company and enable a customer-oriented and responsible business. Our operational controls and risk frameworks are supported by the ambitions and requirements of our purpose, core values, Code of Conduct and leadership model. -
Sustainability governance
Sustainability governance at Sandvik is grounded in its business strategy, business model, and international frameworks. Relevant goals are established to address material areas and effectively manage associated impacts, risks, and opportunities. Policies and management systems have been set to ensure financial, environmental, and social compliance.
Corporate governance model
