Corporate Governance
The corporate governance principles of Satorys are designed to lead the company towards the continuous growth of its innovation and commercial activity. It is meant to protect the interests of its shareholders, and to create and sustain value for investors and other stakeholders.
As a first and foremost priority, the cornerstone values listed below shape the company’s high standards, and represent the foundation of its long term, mutually rewarding relationships.
Compliance with Laws, Rules and Regulations
Satorys adheres to the standards and restrictions imposed by applicable laws, rules and regulations. All Satorys employees and Directors are required to comply with the laws, rules and regulations of the countries in which we operate as well as our own internal policies, guidelines and procedures.
Corporate and Social Responsibility
Satorys is committed to responsible conduct. We apply high ethical standards to all our activities and decisions. When deciding on the appropriate course of action, we take into account not only compliance with laws, rules and regulations, but also whether a decision or activity is consistent with Satorys’ values and code of conduct. We are committed to encourage, through our activities, a positive impact on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere.
Disclosure and Transparency
Satorys is committed to providing relevant stakeholders with information that is timely, accurate and comprehensible. We make fair, accurate, timely and clear disclosure in reports, documents or communications to regulatory authorities and shareholders, in accordance with applicable legal and regulatory requirements. We engage independent external auditors, safeguard the competence and independence of the auditing function and comply with applicable regulations.
Oversight and Risk Management
Satorys monitors continuous adherence to its best-practice Enterprise Risk Management process. It is effected by Satorys’ Board of Directors, management, and other personnel, and is applied in strategy setting and across the enterprise. Its goal is to allow identification of potential events that may affect the company, and to manage associated risks. Satorys’ Enterprise Risk Management process enables the company to provide reasonable assurance regarding the achievement of the objectives it sets forth.
Best-Practices & Quality Assurance
In addition to strictly adhering to regulatory requirements, Satorys also gears its process management towards day-to-day compliance with business best-practices. This gives the company a competitive edge on the marketplace, and provides greater Quality Assurance guarantees for its products and solutions.
Client Confidentiality
Satorys adheres to the highest standards of information security. It is committed to upholding client confidentiality and protecting client information. We maintain the confidentiality of any information entrusted to us by our clients, except when disclosure is authorised by them or required by applicable laws. We apply due care when receiving, handling and storing this data, and adhere to pre-defined data security standards and procedures designed to prevent unauthorised access, use, modification or destruction.
As a further guideline, Satorys relies on the Swiss Code of Best Practice for Corporate Governance (“Swiss Code”) published by EconomieSuisse; it implements its general principles, directed towards shareholders’ interests and seeking a good balance between direction, control and transparency at the top company level, while maintaining decision-making capacity and efficiency.
Download the Swiss Code of Best Practice for Corporate Governance (English)