News Investors Careers About us Sustainability Products Applications Services & Support About us Sustainability Governance Good governance makes for better business Sulzer is committed to the principles of good corporate governance. They ensure a sound balance of power and support the company in creating sustainable value for its various stakeholders. More languages Sulzer Ltd is subject to the laws of Switzerland, in particular Swiss corporation and stock exchange law. The company also applies the Swiss Code of Best Practice for Corporate Governance. The rigorous application of sound corporate governance helps to consolidate and strengthen trust in the company. Sulzer has had a single share class and has separated the functions of Chairman of the Board of Directors and CEO for many years. Board composition The Board of Directors comprises eight members. All members are independent and two members represent our reference shareholder. Each member is elected individually. The term for members of the Board of Directors is one year. Except for the elections reserved to the Shareholders’ Meeting, the Board of Directors constitutes itself. It appoints from among its members the Vice Chairman of the Board of Directors and the members of the Board committees (except for the members of the Nomination and Remuneration Committee who are elected by the Shareholders’ Meeting). Committees of the Board There are currently three standing committees within the Board of Directors: The Audit Committee assesses the midyear and annual accounts and the activities of the internal and external auditors, the Internal Control System (ICS), and risk management. The Nomination and Remuneration Committee assesses the criteria for the election and reelection of Board members and nominations for the top two management levels. It also deals with succession planning, compensation systems, and compensation for the members of the Board of Directors and the Executive Committee. The Strategy and Sustainability Committee advises the Board of Directors on strategic matters (such as material acquisitions, divestitures, alliances, and joint ventures), as well as strategic planning, and definition of development priorities and Sulzer’s sustainability efforts. Integrated sustainability governance Sulzer embeds its sustainability activities in daily business and sets up suitable management frameworks, systems and processes. The Board of Directors is responsible for steering Sulzer’s sustainability efforts. The Board ensures that Sulzer’s solutions contribute to protecting the environment, that people and communities are safe, and that suitable management processes and systems are in place. The Strategy and Sustainability Committee meets twice to three times a year and oversees how sustainability policies and programs support business goals and aspirations. The CEO takes part in all Committee meetings. Depending on the topic, the other members of the Executive Committee are also invited. Global ESH network enabling sustainable behavior Sulzer’s global ESH (Environment, Safety and Health) network drives the sustainability agenda. The group function ESH, together with the global ESH Competence Center, is responsible for corporate ESH programs, projects, risk prevention communications and the development of global ESH standards (directives, guidelines and good practices). The ESH network is supported by a team of roughly 110 ESH specialists across the organization who support management to improve the safety and environmental performance continuously. In addition, all production and service site are certified against ISO 9001, ISO 14001 and ISO 45001 /OHSAS 18001. Articles of association Articles of association Sulzer Ltd PDF Languages: DE EN Code of business conduct Regulations Reports Statements You may also be interested in Management Financial reporting Full corporate governance report Current share price 89.40 CHF (+0.17 %) Nov 25, 02:47 PM About us Our company Our divisions Innovation Events Sustainability Commitments Environmental Social Governance What we offer Products Applications Services Service centers Media News Photos and videos Investors Financial reporting Analyst coverage Careers Job opportunities Our values and behaviors Terms and conditions Terms of use Privacy policy Cookie settings Sitemap © Sulzer Ltd 2021 Contact us By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Privacy policy Accept All Cookies Reject All Cookies Manage Preferences