Corporate Governance concerns the management and supervision of the company, accountability, and ways in which stakeholders can influence the decision-making.
The Board of Management develops the objectives and the strategy and implements the strategic and operational policy of the company. The independent Supervisory Board supervises and advises the Board of Management. The Board of Management fulfils its duties by promoting the interests of CSM and its businesses. The interests of CSM and its businesses are understood as the interests of all stakeholders, including the customers, the shareholders, the employees, the suppliers and the financial backers. At the same time, CSM is deeply committed to protecting the interests of the community. CSM works on the principle that the corporate management should consistently determine and implement the corporate policy from a long-term vision of continuity. CSM endorses the importance of clear accountability for the policy and its results.
Shareholders have voting rights in proportion to the number of shares held. The members of the Board of Management and the Supervisory Board will be appointed by the General Shareholders' Meeting on the basis of nominations by the Supervisory Board. The General Shareholders' Meeting can reject the nominations by an absolute majority of votes, provided this majority represents at least 1/3 of the issued capital. Corporate Governance is a dynamic process.