Executive Committee (EC)

Management philosophy

dormakaba delegates entrepreneurial responsibility for operational business to segment level. The corresponding management organization is based on decentralized responsibility where appropriate and therefore rapid decision-making structures situated close to local markets. This helps to keep activities focused on the customer. Group functions like Accounting, Communications, Controlling, Human Resources, IT, Legal, Tax and Treasury define and monitor Group-wide standards and are responsible for functional, Group-wide projects. The CFO is responsible for the Group’s financial affairs. The COOs are responsible for the business activities of their respective segments, including product development, production, sales, and services. Group Innovation Management focuses on digitization as well as Intellectual Property Management and is strategically managed at EC level by the CTO (Chief Technology Officer). The CMO (Chief Manufacturing Officer) is responsible for the global purchasing as well as the supplier management and advises and supports the segments in optimizing the production and supply chain.

EC dormakaba Group as of 30 June 2019

EC members as of 30 June 2019

EC members

The table above gives the name, position, year of birth, date of joining the EC, gender, and nationality of each EC member. The maximum number of mandates that members of the EC are allowed to take on the governing bodies of legal entities outside dormakaba is regulated in section 27 of the Articles of Incorporation.

Management contracts

Neither dormakaba Holding AG nor its Group companies have entered into any management contracts with third parties.

Compensation

The compensation policy and all the information relating to the compensation paid to the company’s management bodies are shown in the Compensation Report. Sections 22–25 and 28 of the Articles of Incorporation contain rules relating to compensation principles, loans to governing bodies, and General Meeting votes on compensation.

Compliance

Compliance principles are set out in the dormakaba Code of Conduct, as well as in the dormakaba rules and regulations such as Group Directives and Directives.
Adherence to these rules is extremely important to dormakaba as a globally active, listed company. Major compliance focus areas include anti-bribery and corruption, antitrust and competition law as well as safeguarding the employees’ personal integrity. The Code of Conduct and all dormakaba rules and regulations are available to employees of dormakaba on the Group Intranet. Furthermore, all dormakaba rules and regulations are aligned with its Compliance Strategy.

The Compliance Strategy is based on both prevention and detection. Preventive measures include the three main elements “Awareness”, “Consultation”, and “Solution”, and include a structured roll-out of rules and regulations, training, helpdesk, etc.

The company’s compliance mechanisms are reviewed regularly and are adjusted where necessary to the changing business environment.

Code of Conduct and Supplier Code of Conduct

The dormakaba Code of Conduct, which applies Group-wide, contains standards and rules on anti-bribery and corruption, equal employment opportunities, workplace harassment, conflicts of interest, antitrust and competition law, and procedures for reporting misconduct; it also refers to the company’s values. The Code of Conduct is available to employees of dormakaba in various languages and in electronic and printed form. When employees join the company, they confirm in writing that they have received and taken note of the Code of Conduct. Senior managers, general managers of local companies, and so-called Compliance Ambassadors are responsible for implementation and enforcement of the Code of Conduct and are trained in dealing with the Code. The Compliance Officer within the Group Legal Department monitors these processes and, alongside line managers, is one of the defined contacts for reporting infringements of the Code of Conduct.

dormakaba also implemented a Supplier Code of Conduct in order to extend the company’s expectations and values into the supply chain. The company’s aim is to ensure its own ethical and environmental standards are maintained in the production and preparation of the raw materials and components it purchases and uses to make the products.

Further, dormakaba is fully aware of the importance of Human Rights Due Diligence regulations such as the UK Modern Slavery Act 2015. dormakaba highly appreciates this valuable approach to eradicate slavery and respect human rights. dormakaba is fully committed to uphold the principles of and adherence to international conventions, laws and its internal rules and regulations. Its core values and principles are defined in the aforementioned dormakaba Code of Conduct, covering human rights, forced, compulsory and child labor, environmental responsibility, and ethical behavior. The company’s full Modern Slavery Statement and Statement of Commitment on Human Rights are available online.

Values of the dormakaba Group

The EC and senior management of dormakaba have clearly defined the corporate values. Under the name “dormakaba values”, these corporate values have been implemented from 1 July 2016 and rolled out across the whole Group. These are: Customer First, Curiosity, Courage, Performance, and Trust. These values are the foundations on which dormakaba employees work and take and implement decisions; they also serve as guiding principles for conduct and collaboration within the Group and for dormakaba’s approach to addressing customer needs.