Getinge 2022 Annual Report
Getinge 2022 Annual Report
Introduction
Strategy
Corporate Governance
Annual Report
Sustainability Report
Other information
Contents
Getinge's operating model
Getinge's operational governance model, which is presented on
page 31, aims to create a clear structure and distribution of roles
within the Group. It is based on in what and how Getinge develops,
manufactures, serves and sells to customers and also aims to
capitalize on the differences between the Business Areas. To
optimize the preconditions for the best possible use and to ensure
good governance, a framework for joint governance, supporting
functions and controls has been created. Getinge's operating model
is based on decentralized decision-making under the established
group-wide frameworks and strategies.
Business Areas
Getinge's operating activities comprise the Business Areas of
Acute Care Therapies, Life Science and Surgical Workflows.
The Business Areas are responsible for (i) their daily operations
and respective integrated financial results, (ii) developing their
product portfolios and offerings, and (iii) their respective
strategic agendas. In addition to financial responsibility, each
Business Area has full responsibility for ensuring that the operations
are conducted in accordance with applicable laws and rules, and
for ensuring that quality and regulatory requirements are met and
that sustainability topics are integrated into operations.
Global Sales and Service organization
The operating business also include a shared global sales and
service organization that aims to capitalize on synergies in sales.
The Global Sales and Service organization, with a few exceptions,
is responsible for the sales of each Business Area, and has total
responsibility for conducting sales in the various regions and for
developing the operations in accordance with market and customer
needs and trends. The Global Sales and Service organization
coordinates major strategic decisions with the Business Areas.
Ultimately, the Global Sales and Service organization has overall
responsibility for ensuring that sales are conducted in accordance
with applicable laws and rules in the sales regions, and for ensuring
that quality and regulatory demands are met in their operations.
Support functions
Centrally, Getinge has certain shared competence and support
functions that are organized into corporate functions and group
support functions.
Corporate functions provide steering within Getinge in a
number of areas at Group level and are responsible for developing
policies, guidance, processes and structures in matters relevant
to each area of responsibility. The group support functions are
competence and support functions for coordination of a variety
of areas and are more active operationally in daily activities.
Corporate and group support functions
Function
HR & Sustainability
Brand & Communication
Quality Compliance,
Regulatory & Medical Affairs
Legal, Compliance &
Governance
Finance
Operational Services
Research and Business
Development
Sustainability Governance
Getinge's work in material sustainability areas comprises an
integrated component of the company's strategy and culture as
well as the business activities. Separate Ethics & Compliance,
Quality Compliance, Regulatory & Medical Affairs and HR &
Sustainability functions have been established that are responsible
for developing strategies, policies, guidelines, targets, processes
and tools related to their respective areas, which are implemented
and integrated throughout the business activities. Other forums,
presented on page 42, have been introduced to prepare matters
Task
Drives operation's success through employees and coordinate the employee and business plans.
Includes strategic processes for recruitment, talent and succession planning, leadership and remuneration matters.
The function also handles overall sustainability matters for the Group.
Aims to increase confidence, trust and understanding among stakeholders through transparent, consistent and
relevant communication, thereby strengthening Getinge's brand recognition and image.
Supports operations in meeting regulatory requirements for medical devices by ensuring that relevant policies,
processes and structures are available. Also responsible for carrying out regular reviews of the area and for following
up on compliance with relevant requirements at the company and organizational level.
Contributes strategic advice at Group level in legal, compliance and governance matters.
Also supports daily operations with consulting in these areas.
Provides group-wide instructions and services for finance and internal controls and enables accurate and transparent
financial data reporting for the Group. Also includes the Treasury, Tax, Corporate Control and Risk Management functions.
Conducts daily operations for operational services: IT, Logistics, Purchasing, Academy and efficient production. Develops and
adapts services to meet future needs and optimizes these for Business Areas and the Global Sales and Service organization.
Strategically drives and executes on the Group's acquisition agenda in line with the strategy and product development
strategy. Accelerates and strengthens the Group's focus on product development and ensures that the concept is
forwarded to the responsible party in relevant Business Areas and is responsible for implementing EcoDesign principles
in research and development.
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