Getinge 2022 Annual Report
Getinge 2022 Annual Report
Introduction
Strategy
Corporate Governance
Annual Report
Sustainability Report
Other information
Contents
Contents
29
About the report
30 Getinge's overall corporate governance structure
32
General Meeting
33
Nomination Committee
34
Board of Directors
40
External auditor
42
President & CEO and Getinge Executive Team
46 Building blocks in the Getinge corporate
governance model
50 Assurance framework, risks and risk management
SGS
55
Internal control over the financial reporting
56 Auditor's report on the Corporate Governance
Report
About the report
This Corporate Governance Report has been prepared
and adopted by Getinge AB (publ)'s Board of Directors
in accordance with the provisions of the Swedish
Annual Accounts Act and the Swedish Corporate
Governance Code. The Corporate Governance
Report presents an overview of Getinge's corporate
governance, including a description of the system for
internal control and risk management in relation to
financial reporting.
Updated information on Getinge's corporate gov-
ernance in accordance with the requirements in the
Swedish Corporate Governance Code are available
at www.getinge.com/int/about-us/corporate-gover-
nance/overview/. Information on the website does not
comprise part of this Corporate Governance Report.
Responsibly, sustainably and
efficiently
Getinge AB (publ) hereby submits its 2022 Corporate Governance Report that summarizes
how corporate governance is structured and how it has been carried out and developed in
the Group during the 2022 fiscal year. This Corporate Governance Report is reviewed by the
company's auditors. The auditor's report can be found on page 56.
Getinge strives to make continuous improvements to its corporate
governance model, in a constantly changing world, with both an
internal and external focus on effective corporate governance.
Effective corporate governance enables better quality in the
decisions made by those who lead the operations. Getinge's focus
on product quality, the environment and sustainability, responsible
leadership and ethical decision-making also contributes to
sustainable business operations and long-term value creation.
In 2022, Getinge continued on the path previously set out to
further strengthen and enhance the efficiency of corporate
governance, focusing on making continuous improvements based
on analyses of the Group's needs. As part of these efforts, Getinge
established a new Operational Services function in 2022 that
brings together several group functions (Purchasing, Logistics, IT
and Academy) under one umbrella with the aim of further strength-
ening group synergies, services and structure and certain parts of
Getinge's quality governance. Agneta Palmér was appointed EVP
Operational Services and member of the Getinge Executive Team
during the year. Adjustments were subsequently made to the
Quality Compliance, Regulatory & Medical Affairs function, with
a certain part of operational responsibility for quality integrated
even further into the Business Areas in order to better adapt to
developments, manufacturing and the risk profiles of the specific
products in each Business Area. During the year, Getinge reviewed
its structure for the Getinge Executive Team's committees to
create a distinct cross-functional focus and prioritize material
"Overall, the corporate governance
year resulted in continuing improve-
ments that make Getinge even
better equipped for the future."
issues. This will create a platform for Getinge to be at the leading
edge in terms of ensuring that the Group meets set expectations,
which includes how sustainability topics are integrated throughout
the operations. In 2022, the Corporate Internal Audit operations
were relocated from external resources to an internal organization,
which will make it easier to tailor audits to Getinge's needs and
create clearer processes with a long-term focus. Internal audits
were performed in a number of key areas in the operations and the
results are deemed to contribute to favorable development of the
business. One of the focus areas of Getinge's continuous risk
activities was to work even more closely with root cause analysis
for various risks, based on circumstances identified in internal and
external audits and from internal investigations. An additional
focus area in 2022 was to work on business continuity risks in the
Group's operations, which will continue in 2023.
Overall, the corporate governance year resulted in continuous
improvements that make Getinge even better equipped for the
future.
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