Skanska's Board and management have established a number of policy documents and guidelines to govern the Group. These governing documents are updated regularly to reflect changes in operations and new requirements.
As part of the governance of Group operations, Skanska AB's Board of Directors has established a number of policy documents. In addition, the Senior Executive Team has established more detailed guidelines for the Group.
These policies and guidelines are available to all business units on Skanska's internal website and are updated regularly to reflect changes in operations and new requirements.
Board's Procedural Rules important document
Among the more important governing documents established yearly by the Board are the Code of Conduct, the Procedural Rules, and the Group’s Financial Policy, Information Policy and Risk Management Policy.
The Board's procedural Rules state what items of business shall be decided by the Board of Skanska AB, by the CEO/Senior Executive Team or at the business unit level. The threshold levels for decisions stated in the Procedural Rules are further broken down in the business units' own decision-making rules.
Follow-up on compliance
The business units provide regular, systematic feedback on compliance with the more important governing documents, such as the Code of Conduct, to the Senior Executive Team.