Governance structure
Assuring value creation through good corporate governance
Our structures and processes for the direction and control of the Company allow for a continued focus on value creation for all our stakeholders and the environment.
The Board of Directors is responsible for the ultimate direction, strategic supervision and control of Givaudan and its management. Each Board member has extensive leadership experience and in-depth knowledge of relevant areas of expertise for Givaudan and contributes to the Board’s competencies at the level of the full Board and in the Board’s four committees: Audit, Compensation, Nomination & Governance, and Innovation.
The Executive Committee, led by the Chief Executive Officer (CEO), is responsible for all areas of operational management that the Board has delegated to it. The CEO is appointed by the Board and has the task of achieving the strategic objectives of the Company and determining operational priorities. The CEO also leads, supervises and coordinates the EC, which meets monthly to discuss Company business, strategy and sustainability.
Our Board of Directors ensures the Company operates according to Swiss and international business standards and practices.
Robust standards, policies and management systems provide a framework for addressing risks and opportunities through operations and allow us to measure our performance against our targets and meet our commitments to stakeholders. Risks including those related to Environmental, Social and Governance (ESG) and sustainability issues are assessed as part of the Company’s Enterprise Risk Management process.
Our corporate governance in numbers
Our governance structure
| Board of Directors¹ |
||||||
| │ | │ | │ | │ | |||
| Audit Committee | Compensation Committee | Nomination and Governance Committee | Innovation Committee | |||
| │ | ||||||
| Executive Committee |
||||||
| │ | │ | │ | │ | |||
| Businesses and functions | Management tools | Stakeholders | Partners and advisors | |||
| Constant enagement with employees of the businesses and functions |
Ambitions Policies / Principles of conduct Risk management / precautionary principle Corporate governance External assessments |
Constant engagement with internal and external stakeholders Directing our business efforts towards the broader needs of our relevant stakeholder groups |
Partnering with experts and external bodies for collaboration on key matters such as purpose, sustainability, innovation and more | |||
-
100% non-executive and independent board members