Getinge 2022 Annual Report
Getinge 2022 Annual Report
Introduction
Strategy
Corporate Governance
Annual Report
Sustainability Report
Other information
Contents
President & CEO and Getinge Executive Team
President & CEO
The Board of Directors has delegated the day-to-day management
of Getinge AB (publ) and the overall management of the Group's
operations to the President & CEO, including an authorization to
make decisions or govern all issues that are not exclusively under
the authority of the Board of Directors. The President & CEO heads
up Getinge's operations through the Getinge Executive Team.
It is the President & CEO's responsibility to implement and
ensure that the strategies, business plans and operational
objectives agreed on by the Board are carried out and that
effective governance and control are maintained. The President &
CEO is also responsible for presenting reports at Board meetings
and keeping the Board of Directors and its Chairman up to date
on Getinge's financial position, development, risks and oppor-
tunities. The President & CEO's role, areas of responsibility and
authorizations are described in more detail in the instruction for
the CEO and for financial reporting.
Getinge Executive Team and delegation
Getinge's President & CEO is supported by the Getinge Executive
Team in conducting Getinge's operations. The Getinge Executive
Team comprises the Business Area Presidents, the head of the
Global Sales and Service organization and heads of the group-
wide support functions.
The Getinge Executive Team meets at least six times a year
to establish and follow up on strategic plans, business plans and
results, major projects, questions and requests to be addressed
by the Board for decision, risks and coordination of other issues
of a strategic nature or group-wide importance, including
sustainability and quality management topics. Other preparatory
forums at the Getinge Executive Team level provide reports at
meetings of the Getinge Executive Team. Additionally, annual
and quarterly reviews are held of each Getinge Executive Team
member's function.
In addition, a quality management audit is conducted twice a
year, including a review of the quality management system.
The President & CEO delegates detailed roles and areas of
responsibility to each member of the Getinge Executive Team.
These individuals structure their respective management teams,
relevant decision and preparatory bodies, as well as delegated
roles and responsibility in their respective areas. They are also
responsible for ensuring that strategically important matters,
responsible leadership, product quality and sustainability are
integrated as a natural part of operations.
Forum at Getinge Executive Team level
Forum
Sustainability Board
Sponsorship &
Donations Committee
Operational Services
Committee (incl. IT
Board)
Ethics Committee
Disclosure Committee
Insider Committee
STIP Steering
Committee
Responsibilities
Forum at Getinge Executive Team level
A foundation for effective corporate governance, shared prioriti-
zation of initiatives and resources is good cooperation throughout
the organization. Internally, Getinge has a continous need for
coordination and interaction between the various functions and
competencies in the global organization. Cross functional forums
and meeting structures have been established at the Group level
to ensure acceptance and coordination and to assist the President
& CEO and the Getinge Executive Team in making well-informed
decisions, and also to provide a defined structure for escalation to
the Getinge Executive Team and the Board.
The Committee's primary area of responsibility is governance of all areas in Getinge
related to sustainability. This includes preparing proposals, initiatives and governing principles
to the Getinge Executive Team and the Board.
The Committee is responsible for pre-approval of sponsorships and donations.
The Committee aims to coordinate and embed the Group's operational services in IT, Logistics,
Purchasing, Academy and efficient production that are provided to the Business Areas and
the Global Sales and Service organization.
The Committee follows up on ongoing and concluded internal investigations and compliance
problems and related measures as well as escalating relevant issues to the correct forum.
The Committee also has rights of decision regarding associations with third parties for which
specific risks have been identified.
The Committee reviews proposed publications of financial reports and prepares recommendations
for the Audit and Risk Committee and the Board regarding these reports.
The Committee functions as support for the President & CEO in managing recurring
matters pertaining to inside information and publication of the same.
The Committee prepares - other than to the Getinge Executive Team - the process for annual variable
remuneration, performance targets for such remuneration and any deviations from or adjustments to
the performance targets.
Reporting
The Committee reports to
the Getinge Executive Team.
The Committee reports to
the Getinge Executive Team.
The Committee reports to
the Getinge Executive Team.
The Committee reports to the
Audit and Risk Committee
and to the Getinge Executive
Team.
The Committee reports to
the Audit and Risk Committee.
The Committee reports to
the President & CEO.
The Committee reports to
the Remuneration Committee
and, indirectly, to the Getinge
Executive Team.
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