Governance
The highest-level operational management of Sandvik is exercised by the President and CEO and by Group Executive Management, which comprises the President and Chief Executive Officer, the Chief Financial Officer, the four Executive Vice Presidents and the Presidents of the five business areas.
Sandvik's operational structure consists of the five business areas and all current business issues including Sustainable Development are handled within these business areas.
There is a country manager in all of the countries in which Sandvik has subsidiaries. The country manager's duties include representing Sandvik in relation to public authorities in the country concerned, responsibility for Group-wide issues and ensuring compliance with Group-wide instructions and guidelines (The Power of Sandvik).
A specific member of Group Executive Management has been assigned overall responsibility for the operations conducted within such countries (Group Management Representative, GMR).
These members function in most cases as the Chairmen of the local boards and are superior to the country managers. Their duties include ensuring compliance with The Power of Sandvik. To support this work Sandvik has a central Group Assurance Department, which examines the operations locally and their reports result in improvement programs and activities.
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