What is corporate governance for Vestas?
To Vestas’ Board of Directors, corporate governance is not just a set of rules but a constant process. Consequently, the Board of Directors continuously addresses the guidelines and processes for the overall management of the Vestas Group. This ensures that the management at any time is able to solve its managerial tasks professionally and with due consideration to current legislation, practices and recommendations.
Clear guidelines provide true and fair view
The evaluation of the guidelines and processes includes a review of the company’s business model, business processes, goals, organisation, capital position, stakeholder relations and risks as well as exercise of the necessary control.
The Board of Directors finds that clear guidelines on how to manage and communicate at Vestas help provide a true and fair view of the Group to the world. A clear and well-considered management and communications strategy is of special importance in light of the challenges Vestas faces in a market characterised by fierce competition, expected consolidation and ever-increasing quality requirements.