Report on corporate governance
The report follows the structure of the Code of Practice. The Corporate Governance report is subject to annual evaluation and discussion by the Board. The following report was issued at the Board meeting on 21 March 2018.
Kitron’s vision is to provide solutions that deliver success for its customers. Kitron’s core values to support the vision are reliability, creativity, involvement and a positive and international mindset.
The group’s current Ethical Code of Conduct was approved by the Board in Q4 2018. Combined with Kitron’s Supplier Code of Conduct and Anti-Corruption policy, this forms the ethical guidelines for the group’s business. The framework is largely based on international initiatives and guidelines related to social responsibility, including the ILO conventions.
The Ethical Code includes topics such as human rights, environment, relations with our customers and suppliers, corruption and confidentiality.
The Code applies to all Kitron board members, elected officers, permanent and temporary employees, hired staff, consultants and agents acting in or on behalf of Kitron. The Code also applies to all contractors, sub- contractors, suppliers and sub-suppliers. It includes all companies in the Kitron group.
The board has stated Kitron’s purpose and core values as presented in the annual report, and the board has prepared and implemented Ethical Code of Conduct which reflect these values. The ethical guidelines also include guidelines for corporate social responsibility.