Corporate Governance

The Corporate Governance Framework of DeLaval sets the baseline for how we act in our operations worldwide, both internally and in our external relations. We also have a number of other policies, procedures and guidelines to govern our business and ensure a common way of working.

Our Corporate Governance Framework is key to a sustainable and successful business at DeLaval. It is developed and mandated by the Tetra Laval Board and DeLaval's Group Management and consists of the following components:

 The Code of Business Conduct 
• Corporate Governance Policies
• Roles & Responsibilities
• Controls

A Corporate Governance Council was formed in 2010 to support the governance of the framework and the management of corporate governance matters in DeLaval.

The Code of Business Conduct, Corporate Governance Policies and other supporting documents and information within the scope of the framework are all easily accessible to all our staff on the corporate intranet.

Roles & Responsibilities

Roles & Responsibilities define the areas of responsibility of different bodies and functions within DeLaval such as our CEO, Group Management and local management. These are defined in the Charter of Responsibility, which forms part of our Corporate Governance Framework, clarifying "who should do what, when and why”.

Controls

Controls in the Corporate Governance Framework include audits and self-assessments to make sure we adher to our Code of Business Conduct and other policies and guidelines.

The purpose of the internal and external audits is to provide feedback on how well we manage to live according to our rules, and to allow us to adjust our way of working if we do not.

Through our whistle-blowing policy, our staff are encouraged to escalate breaches of the framework or any other serious inappropriate behaviour that comes to their knowledge. An employee “blowing the whistle” in good faith is explicitly protected from disciplinary actions or other HR consequences by reason of the whistle blowing.