Corporate Governance 2022
Responsible, sustainable and effective
Corporate governance identifies what the decision-making process at Alfa Laval looks like and the structures that regulate how the company is governed. Sound corporate governance is an essential basis for ensuring that, from a shareholder perspective, Alfa Laval is governed responsibly, sustainably and effectively.
As a Swedish public limited liability company with shares listed on Nasdaq Stockholm, the framework for Alfa Laval’s corporate governance is dictated by external rules as set out, inter alia, in the Swedish Companies Act, the Swedish Annual Accounts Act, the Nordic Main Market Rulebook for Issuers of shares (‘Main Market Rulebook’) and the Swedish Corporate Governance Code (‘the Code’). These provisions are supplemented by internal principles and regulations, including governing documents with guidelines and instructions as well as procedures for control and risk management. At Alfa Laval, these internal governing documents include the Articles of Association, the Board and CEO instructions as well as Alfa Laval’s business principles and governing policies.
Acting in society and reaching business goals
In today’s society, human impact on our planet is in constant focus. As new legislation becomes increasingly stringent, a sustainability paradigm is taking deeper root in society. This paradigm is leading many companies, including Alfa Laval, to voluntarily take initiatives aimed at improvements. At Alfa Laval, such initiatives are, inter alia, reflected in the Group’s Business Principles. Alfa Laval’s four Business Principles, Planet, Transparency, Caring and Committed, guide all of the Group’s work and describe how Alfa Laval is to act in society and how the individual business goals are to be achieved – in other words, ethically and sustainably. Adhering to the Business Principles means that there are many occasions and situations where Alfa Laval can contribute to a more sustainable future and to the success of Alfa Laval’s customers, people and the planet. All employees at Alfa Laval are to comply with the Business Principles and are encouraged to bring to light anything that conflicts with these principles, either to their immediate supervisor, the HR department or through the whistleblower tool ‘Speak up!’ Alfa Laval’s Business Principles were recently revised and now contain a more distinct Code of Conduct.
Alfa Laval as a company
Alfa Laval AB
The company’s business name is Alfa Laval AB (publ). The company is listed on Nasdaq Stockholm and the registered office of the Board of Directors is in Lund, Sweden. The object of the company’s operations is to, directly or through subsidiaries and joint venture companies in and outside Sweden, develop, manufacture and sell equipment and installations, primarily in the areas of separation, heat transfer and fluid handling, and to administer fixed and movable property, and other related operations. Alfa Laval’s fiscal year runs from January 1 to December 31.
The company’s share capital shall amount to no less than SEK 745,000,000 and no more than SEK 2,980,000,000. The number of shares shall be no less than 298,000,000 and no more than 1,192,000,000. The Articles of Association do not include any limitations regarding the number of votes a shareholder can cast at a general meeting. Nor do they contain any specific rules regarding the appointment and dismissal of Board members or changes to the Articles of Association. The Articles of Association include a right for the Board of Directors to collect proxies in accordance with Chapter 7, Section 4 of the Swedish Companies Act and to decide that shareholders may vote in advance of a general meeting.