Boskalis jaarverslagen 2011

Organization, corporate governance and integrity

Boskalis operates a two-tier board model, which means that management and supervision are segregated. The Board of Management is responsible for the day-to-day management of the business, and for setting out and realizing the company’s long-term strategy along with the associated risks, the results and entrepreneurial aspects relevant to the business. The Board of Management is accountable to the Supervisory Board and the General Meeting of Shareholders. The Supervisory Board is responsible for supervising management performance and also provides the Board of Management with advice. Together the Board of Management and the Supervisory Board are responsible for looking after the interests of our stakeholders.

For a detailed description of our corporate governance policy, our risk management and our organization please refer to pages 24-28, 49-55 and 126-134 of our 2011 Annual Report and our corporate website (organizational structure, corporate governance).

General business principles

Boskalis accepts responsibility for matters which lie within its sphere of influence.
In the countries where Boskalis operates, national legislation and regulations apply. Boskalis refrains from cultural judgements and conducts itself as a good citizen or guest.
Boskalis does not get involved in national politics and refrains from offering opinions on political issues, which we consider to be the province of the national government. Boskalis does not do business in countries subject to international and relevant national embargoes.

We have a Statement of General Business Principles in which we account for matters including our social, societal, environmental and economic policy, which is explained in greater detail in the sections on our performance. The full text of our Statement of General Business Principles can be found on our corporate website.
The Board of Management reviews the content of the Statement of General Business Principles at least once every two years.
It did so most recently at the beginning of 2012.

The statement sets out:

  • Our commitment to society
  • Our commitment and responsibility towards the environment
  • Our responsibilities towards staff
  • Our focus on quality assurance
  • Our conduct towards clients
  • Our commitment to investors
  • Our conduct towards suppliers

Anyone who approaches us regarding compliance with our general business principles can expect an open response. Allgenuine requests, suggestions and complaints will be taken seriously.

Independent confidential counsellor

We give our employees the opportunity to report any alleged irregularities of a general, operational or financial nature to an independent confidential counsellor, without jeopardizing their legal position.

Added to My report add to My report Source: CSR Report 2011, Who we are, page 20