Corporate Responsibility – part of everyday business
At Tele2 we strive to implement our Corporate Responsibility throughout the entire organisation and in all products and services, thus making it a part of everyday business. Successful governance of Tele2’s CR work is based on clear division of responsibilities and mandates.
Policies
The ten principles in the UN Global Compact constitute the basis of Tele2’s new Code of Conduct, which is the core CR policy. The Code of Conduct, adopted during 2010, applies to all personnel and everyone working on behalf of or representing Tele2. The Code of Conduct and subordinate policies, are available on the company intranet and on http://www.tele2.com/our-responsibility/policies.html.
All shareholders, including minorities, can exercise their voting rights at the highest deciding body, The Annual General Meeting. The Annual General Meeting also provides all shareholders with an opportunity to express their opinions in regards to Tele2’s CR work.
The Nomination Committee consists of the four largest shareholders in Tele2 as per September 30. The committee is responsible for proposing Board Members, Chairman of The Board as well as remuneration to The Board members, its committees and auditors to the Annual General Meeting. In the election process, leading up to propositions of Board Members, knowledge of CR issues is one of the parameters taken into consideration by the Nomination Committee.
The Board of Directors is the highest governing body responsible for Tele2’s CR performance. The Board consists of eight members, elected by the shareholders at The Annual General Meeting. Three of the Directors of the Board, Christina Stenbeck, Mia Brunell Livfors and Erik Mitteregger are are considered dependent. The Chairman of the Board John Shakeshaft is independent. Two of the Directors of the Board are women. During the year, the Board of Directors has appointed one Board Member with the specific responsibility to head Tele2’s strategic Corporate Responsibility work. The Board of Directors as a whole assesses Tele2’s sustainability performance whenever needed, however at a minimum once a year.
The Remuneration Committee’s main work includes presenting recommendations to the Board regarding all aspects of remuneration and terms of employment for the Leadership Team. Recommendations regarding remuneration of Board Members and long-term incentive programs to Senior Managers and Group Executives are submitted by the Board to The Annual General Meeting for approval. The remunerations are based on a wide range of criteria, both financial as well as non-financial.
The Audit Committee has the primary task of assisting the Board in its supervision and review of the internal and external audit process, as well as to review and ensure the quality of the company’s external financial reporting. Furthermore, the Audit Committee supervises the internal control functions of the company. The Board has also delegated the right to establish procedures for accounting, internal control and auditing issues, as well as the right to determine the procedure for receiving and dealing with complaints received by the Company with regard to accounting, internal control or audit issues to the Audit Committee.
The auditors are elected by the Sshareholders on The Annual General Meeting. The auditors revise the financial statements.
The Leadership Team, consisting of twelve members, is the highest operational body responsible for the company’s CR work.
The Head of Corporate Responsibility is responsible for coordinating the CR work within Tele2, including proposing overarching strategies and policies, developing focus areas, goals and pertaining CR action plan, following up the performance and presenting the results to the Leadership Team.
The Divisions within Tele2 are responsible for implementing the CR action plan in order to reach set goals and reporting the results to the Head of CR. Thus enabling each Tele2 employee to contribute to the overarching goals in their every day work.