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Corporate governance reports

Latest Corporate governance report

Corporate Governance report 2023 (PDF, 537 kB)

Previous Corporate governance report

Corporate Governance report 2022  (PDF, 347 kB)

Prospectus

Alleima AB - Prospectus (PDF, 5.3 MB)

Governance framework

Alleima’s corporate governance framework, The Alleima Way, is based on three building blocks and describes how common ways of working have been implemented throughout the entire organization.

1. Governance structure

• Shareholders' Meeting and Board of Directors
• The President and the Executive Management
• Group functions
• Divisions
• Business units, production units, sales units etc.

This block outlines how the Alleima Group is led and governed. The Board of Directors, 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 Divisions, with Group functions responsible for functional policies and processes supporting the business.

The Alleima Way is implemented in all Divisions, with additional requirements cascaded down in the operational structure.

2. Operations

• Alleima 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 part. This includes many aspects such as strategy and risk management, policies, financial forecasting and scenario planning, as well as compliance, internal controls and audit. Performance management, controls and continuous improvements provide a solid basis for our ways of working.

3. Corporate culture

• Our Purpose
• Core values
• Code of Conduct
• Leadership Model

This block 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 underpinned by the ambitions and requirements of our purpose, core values, Code of Conduct and leadership model.

Sustainability governance

The Alleima Group’s business strategy, business model and the 2030 Sustainability Goals form the basis for the company’s sustainability governance. Relevant goals are set to address material areas and efficiently manage related risks and opportunities. Policies and management systems have been set to ensure financial, environmental and social compliance.

The Alleima Board of Directors has the overall responsibility for sustainability within Alleima, monitored by the Audit Committee. The Group Executive Management has the overall responsibility for the Alleima strategy and agenda where sustainability is an integral part. The divisions are responsible for the implementation and follow-up. The Governance and Sustainability function is responsible for the coordination within the Group. The divisions are also responsible for the assessment and management of sustainability risks in their operations. KPIs are consolidated and reported to follow up on goals at Group and division levels. Each year we evaluate our performance and set targets and key initiatives for the coming year.

The Sustainability Council is a forum for cooperation and best practice sharing across Alleima. The Council is comprised of representatives from the divisions and group functions. The Governance and Sustainability function coordinates the sustainability agenda together with the divisions and group functions.