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Governance

Governance

A strong commercial base is vital when developing a sustainable organization. Our goal is to deliver consistently on innovations and optimize the design, service level, performance, range and quality of our portfolio for all stakeholders.

In pursuit of this objective, we will act responsibly and within our guidelines on corporate governance, risk and crisis management and our Code of Conduct. At any time, we respect local and international laws and regulations.

Governance
  • Risk Management

    Risk Management and Risk Evaluation

    Risk assessment and management form an integral part of the organizational processes at Forbo Movement Systems and are taken into account in all decision-making processes. Periodic risks, financial risks and specific hazards are identified and evaluated internally. After pinpointing and evaluating the risks, we apply risk management methods from one or more of the following main categories:

    • Avoid (eliminate)
    • Reduce (mitigate)
    • Spread (outsource or insure)
    • Accept (accept and budget for)

    Further Information

  • Code of Conduct

    Code of Conduct

    Forbo’s Code of Conduct applies to all our employees. It clearly stipulates that the company does not engage in any dubious or corrupt business practices, nor does it tolerate such practices. The Code of Conduct is part of the Forbo Group training program and is mandatory for all employees who participate in this program.

    1. Compliance with Laws and Internal Regulations

    We undertake to be aware of the laws and Forbo regulations and guidelines that are relevant for the exercise of our professional duties. We undertake to comply with each and any such law, regulation or guideline.

    2. Business Integrity: No Tolerance of any Form of Corruption

    We do not engage in any form of bribery (including facilitation payments), whether active or passive or direct or indirect. We do not offer or accept any inappropriate gifts or other advantages.

    3. Fair Competition

    We comply with the applicable competition laws. We deal fairly, honestly and in good faith with customers, business partners, the public, our competitors, third party service providers and others.

    4. Rights of Employees

    We provide equal opportunities and an environment where we respect the rights of colleagues to work free from any form of discrimination or harassment.

    5. Health, Safety and Environment

    We comply with the wording and the spirit of health and safety laws as well as environmental regulations and respect and protect the environment wherever we work.

    6. Conflicts of Interest

    We conduct all business transactions with the best interests of Forbo in mind. Under no circumstances will we exploit any business opportunity that conflicts with the interests of Forbo.

    7. Use and Protection of Assets and Information

    We protect Forbo’s assets and intellectual property rights. Personal data shall be processed ensuring the privacy of the individual.

    8. Records and Accounting

    We properly record all business transactions in our books.

    9. Regulations regarding Trading of Forbo Securities

    We undertake not to disclose price-sensitive information regarding Forbo to the public and not to use material non-public information for personal gain or for the personal gain of anybody else.

    Further Information

Risk Management and Risk Evaluation

Risk assessment and management form an integral part of the organizational processes at Forbo Movement Systems and are taken into account in all decision-making processes. Periodic risks, financial risks and specific hazards are identified and evaluated internally. After pinpointing and evaluating the risks, we apply risk management methods from one or more of the following main categories:

  • Avoid (eliminate)
  • Reduce (mitigate)
  • Spread (outsource or insure)
  • Accept (accept and budget for)

Further Information

Code of Conduct

Forbo’s Code of Conduct applies to all our employees. It clearly stipulates that the company does not engage in any dubious or corrupt business practices, nor does it tolerate such practices. The Code of Conduct is part of the Forbo Group training program and is mandatory for all employees who participate in this program.

1. Compliance with Laws and Internal Regulations

We undertake to be aware of the laws and Forbo regulations and guidelines that are relevant for the exercise of our professional duties. We undertake to comply with each and any such law, regulation or guideline.

2. Business Integrity: No Tolerance of any Form of Corruption

We do not engage in any form of bribery (including facilitation payments), whether active or passive or direct or indirect. We do not offer or accept any inappropriate gifts or other advantages.

3. Fair Competition

We comply with the applicable competition laws. We deal fairly, honestly and in good faith with customers, business partners, the public, our competitors, third party service providers and others.

4. Rights of Employees

We provide equal opportunities and an environment where we respect the rights of colleagues to work free from any form of discrimination or harassment.

5. Health, Safety and Environment

We comply with the wording and the spirit of health and safety laws as well as environmental regulations and respect and protect the environment wherever we work.

6. Conflicts of Interest

We conduct all business transactions with the best interests of Forbo in mind. Under no circumstances will we exploit any business opportunity that conflicts with the interests of Forbo.

7. Use and Protection of Assets and Information

We protect Forbo’s assets and intellectual property rights. Personal data shall be processed ensuring the privacy of the individual.

8. Records and Accounting

We properly record all business transactions in our books.

9. Regulations regarding Trading of Forbo Securities

We undertake not to disclose price-sensitive information regarding Forbo to the public and not to use material non-public information for personal gain or for the personal gain of anybody else.

Further Information