Reebok 2013 Annual Report Download - page 55

adidas Group
/
2013 Annual Report
To Our Shareholders
51
2013
/
01.8
/
Corporate Governance Report including the Declaration on Corporate Governance
The members of the Supervisory Board are individually responsible
for undertaking any necessary training and professional development
measures required for their tasks and, in doing so, are supported by
adidas AG. The company informs the Supervisory Board regularly about
current legislative changes as well as opportunities for external training,
and provides the Supervisory Board with relevant specialist literature.
Every two years, the Supervisory Board and the Audit Committee examine
the efficiency of their work including the collaboration with the Executive
Board. Therefore, suggestions for even better collaboration can be
made. The review is conducted using questionnaires covering various
areas and criteria of the Supervisory Board’s work. Interviews are also
conducted with individual Supervisory Board members. Subsequently,
the results are discussed within the Supervisory Board and/or Audit
Committee. The most recent efficiency review took place in December
2012. The analysis of the questionnaires was carried out by an external
consultant. At the Supervisory Board and Audit Committee meetings in
February/March 2013, the results were presented and discussed. For
both bodies, no major efficiency deficits were identified.
Avoiding conflicts of interest
The members of the Executive Board and Supervisory Board are
obligated to disclose any conflicts of interest to the Supervisory Board
without any delay. Substantial transactions between the company
and members of the Executive Board or persons in close relationship
with them require Supervisory Board approval. The Supervisory Board
reports any conflicts of interest, as well as the handling thereof, to the
Annual General Meeting. In the year under review, neither the members
of the Executive Board nor the members of the Supervisory Board faced
conflicts of interest
/
SEE SUPERVISORY BOARD REPORT, P. 42.
Suggestions of the German Corporate Governance
Code fulfilled
In addition to the recommendations, the Code contains a number of
suggestions for good and responsible corporate governance, compliance
with which is not required to be disclosed by law. The adidas Group is
fully compliant with all suggestions of the Code.
Relevant management practices
Performance, passion, integrity and diversity are the values of our Group.
They are actively lived by our Executive Board members, Supervisory
Board members and our employees and have been incorporated into our
Code of Conduct. Our business activities are oriented towards the legal
systems in the various countries and markets in which we operate. This
implies a high level of social and environmental responsibility.
Compliance with working and social standards: The development of
company guidelines with regard to social minimum standards, work
safety as well as health and environmental protection and the monitoring
thereof at the production facilities of the adidas Group and its business
partners is an integral component of our corporate policy. Our Group
has a separate Code of Conduct for the supply chain, the “Workplace
Standards” :
//
WWW.ADIDAS-GROUP.COM/EN/SUSTAINABILITY/SUPPLY-CHAIN/
SUPPLY-CHAIN-APPROACH. These standards are oriented towards the
conventions of the International Labour Organization (ILO) and follow the
code of conduct of the World Federation of the Sporting Goods Industry
(WFSGI). They help us to only choose such business partners who fulfil
our Workplace Standards and business practices. We have appointed
an expert team especially for the coordination of compliance with, and
control of, the Workplace Standards. We report on our sustainability
programme in this Annual Report
/
SEE SUSTAINABILITY, P. 111 and
regularly publish more detailed sustainability reports on our website.
Environmental responsibility and social commitment: For long-term,
successful management of the Group, sustainable actions that embrace,
in particular, social and environmental responsibility towards present
and future generations are essential. Our Social & Environmental
Affairs department, with its worldwide team, has for many years been
dealing with the rights of employees in the supply chain as well as
with the coordination of the environmental strategy and product safety
management.
In line with the Group-wide sustainability programme, the adidas Group
developed a comprehensive environmental strategy. The objective of
the strategy is to make processes more efficient and environmentally
friendly at every stage of the value chain. This ranges from areas such
as product design, material development and selection, development
and sourcing, logistics and IT systems, to improving the efficiency
of company-owned locations. Optimising these processes makes it
possible for the adidas Group to offer more sustainable products and
improve the company’s environmental performance in the future. With
our environmental strategy, we have set precise goals concerning the
reduction of emissions. A key element of these goals is the introduction
of uniform environmental management systems at company-owned
locations, in compliance with ISO 14001 :
//
WWW.ADIDAS-GROUP.COM/EN/
SUSTAINABILITY/PLANET/ENVIRONMENTAL-APPROACH.
The adidas Group cooperates with charity organisations in order to
improve the quality of life for people, especially children and young
people, by means of sports. Moreover, we are committed to education,
science and humanitarian initiatives in various projects worldwide.
With the objective of making affordable shoes available for the poorest
of the poor, we continued to accompany the social business project of
Nobel Peace Laureate Professor Muhammad Yunus. We will also use
the knowledge gained for the further development of future sourcing
models.