The basis for Lindab's corporate governance comprises organisation, decision-making paths, authorities and responsibilities that are documented and communicated, as well as the culture and the values that the Board and Management advocate and act upon.
Lindab's brand is summarised by three core values: Simplified Construction, Down-to-Earth and Neatness and Order. (read more). These core values are deeply rooted in the Company and represent the historical success factors as well as our vision for product development, communication and behaviour.
Some essential elements in the corporate governance environment are documented in the form of different policies. Lindab's Board has adopted the following policies:
Code of Conduct
For Lindab and all its employees, it is important that laws, regulations and general ethical values are respected and followed. Lindab's Code of Conduct was implemented at the start of 2007 to ensure this.
Finance Policy
In order to ensure that Lindab's operations are correctly reflected in financial reports and that reporting takes place in a correct and uniform manner.
Information Policy
This ensures that coherent and correct information about Lindab and its business, including financial targets is received externally and that Lindab fulfils the requirements of the Stockholm Stock Exchange regarding information to the stock market.
Insider Policy
This policy is to ensure that no trading in shares or other financial instruments in Lindab is made by persons who are in possession of information that is not publicly known and that could have an effect on Lindab’s share price.
IT Policy
Ensures security with regards to operations and unauthorized access.
Competition Law Policy
It is important that the Group and its employees observe competition legislation. The adopted Competition Law Policy was implemented through the training of approximately 450 key post holders and Group employees, to ensure compliance with the Competition Law Policy.
In addition to the above mentioned overall policies for the Group, there are also a number of operating policies that have been established by each Group subsidiary.
Environmental Policy
In December 2007 a new environmental policy was adopted. The policy focuses of four core areas: Environmental concerns, Products, Manufacturing and Communication. This means:
- We evaluate our environmental impact and set targets for continual improvements.
- The products are developed based on a life cycle perspective with the goal of minimising resource and energy utilisation as well as negative environmental effects.
- The larger production units are certified in accordance with ISO 14001. More companies will be certified in the future.
- The environmental work is communicated both internally and externally, with the aim of creating understanding and commitment.