The task of corporate governance is to ensure the Group’s commitments to all of its stakeholders: shareholders, customers, suppliers, creditors, society and employees. At the same time, governance must be structured in a way that supports the company’s long-term strategy, market presence and competitiveness. Corporate governance must be reliable, clear, simple and business-oriented.
Corporate governance, including remuneration
This section describes the rules and regulations and the Group’s corporate governance, including a description of the operational organization. It also details the Board of Directors’ responsibilities and its work during the year. Information regarding remuneration and remuneration issues in SCA and internal control in the Group are also included here. SCA applies the Swedish Corporate Governance Code without any deviations, including the changes made to the Code on November 1, 2015 (www.bolagsstyrning.se).
SCA’s processes to identify and manage risks are part of the Group’s strategy work and are pursued at a local and Group-wide level. The section dealing with risk management describes the most significant risks, and the policies and measures that the Group applies to manage these.
SCA’s sustainability work is an integral part of the company’s business model. The sustainability work helps the company reduce risk and costs, strengthen competitiveness and attract talent and investors.