Årsrapport annual report 2012 - Kjaer Group

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12 LeDeLSeNS BereTNING / MaNaGeMeNTS reVIew SaMFuNDSaNSVar CorporaTe SoCIaL reSpoNSIBILITy I november 2003 tiltrådte Kjaer Group FN’s Global Compact (uNGC) principper. I 2007, tiltrådte Kjaer Group endvidere FN’s miljø initiativ, Caring for the Climate. FN’s Global Compact er et strategisk initiativ for virksomheder som er opsat på indrette drift og strategier i overenstemmelse med ti principper indenfor menneske- og arbejdsrettigheder, miljø og antikorruption. Derved bidrager virksomheder over hele verden, som de primære kræfter bag globaliseringen, til at markeder, handel, teknologi og finans udvikler sig til gavn for økonomier og samfund overalt. Mere end 10.000 virksomheder og organisationer fra mere end 130 lande er i dag tilsluttet Global Compact på globalt plan der herved udgør det største frivillige CSr initiativ på verdensplan. Kjaer Group har indsendt sin statusrapport for 2012 til FN’s Global Compact organisation, og den er tilgængelig på www.unglobalcompact.org og Kjaer Group’s egen hjemmeside http://www.kjaergroup.com/en-us/way-of-management/triplebottom-line.aspx årsrapporten indeholder derfor ikke yderligere oplysninger om bæredygtighed i overensstemmelse med årsregnskabslovens §99 a, stk. 7. rISIKoSTyrING rISK MaNaGeMeNT Koncernen arbejder systematisk med risikostyring med sigte på reduktion og spredning af risici samt risikoforsikring. på grund af koncernens fokus på udviklingslande anses landerisici og valutarisici som særligt væsentlige for virksomheden, ud over de gængse risici ved handel med og distribution af køretøjer. Finansielt står koncernen over for de største landerisici i Mozambique, uganda og Sierra Leone. Der er tegnet forsikring mod politiske risici for varelagre, som dækker i tilfælde af krig eller konfiskation. Der er desuden tegnet forsikringer, som delvist dækker politiske risici mod moderselskabets aktier i dets datterselskaber i Mozambique, uganda og Sierra Leone. afrikanske datterselskabers resultater og egenkapitaler opgøres og kurssikres i uSD. Kjaer Group’s aktieværdi i udenlandske datterselskaber er delvist kurssikret af moderselskabet til danske kroner via valutaterminskontrakter på mindst 50% af aktiernes bogførte værdi. Væsentlige transaktionsbaserede valutarisici kurssikres for at fastholde lav eksponering over for kommercielle valutarisici. Kjaer Group is committed to the principles articulated in the united Nations Global Compact (uNGC), which we joined November 2003. In 2007, Kjaer Group a/S further confirmed our support for a cleaner environment by joining uN’s environmental initiative, Caring for the Climate. The uN Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anticorruption. By doing so, business, as a primary driver of globalization, can help ensure that markets, commerce, technology and finance advance in ways that benefit economies and societies everywhere. with over 10,000 corporate participants and other stakeholders from over 130 countries, it is the largest voluntary corporate responsibility initiative in the world. Kjaer Group has submitted its status report for 2012 to the uN’s Global Compact organisation. The report is available at www.unglobalcompact.org or http://www.kjaergroup.com/enus/way-of-management/triple-bottom-line.aspx In accordance with Section 99 a (7) of the Danish Fi-nancial Statements act, the annual report therefore does not include further information on sustainability. The Group is working systematically with risk management with the aim of achieving a reduction, spread and insurance of risks. Given the Group’s focus on developing countries, we consider country risks and exchange rate risks to be of special importance to the company, in addition to ordinarily accepted risks within automotive trade and distribution. The Group’s financially most significant country risks are in Mozambique, uganda and Sierra Leone. Insurance has been taken out against political risks to inventories, with cover in the event of war or confiscation. Insurances have also been taken out to partly cover political risks to the parent company’s shares in these subsidiaries in Mozambique, uganda and Sierra Leone. african subsidiaries’ results and equities are measured and hedged in uSD. Kjaer Group’s share value in foreign subsidiaries is partly hedged by the parent company in DKK terms via strategic forward exchange contracts for at least 50% of the shares’ book value. Significant transactionbased exchange rate risks are being hedged in order to maintain low exposure to commercial exchange rate risks.
LeDeLSeNS BereTNING / MaNaGeMeNTS reVIew CorporaTe GoVerNaNCe Corporate governance Kjaer Group a/S er moderselskab i Kjaer Group koncernen, som består af et antal uafhængige juridiske enheder. Hovedaktionær med en aktiepost på 80% er ”The way Forward apS, som er 100% ejet af hr. Mads Kjaer. De resterende aktier ejes af medarbejderne (10%) eller er købt af selskabet selv (10%). bestyrelsen I overensstemmelse med vedtægternes §10 skal Kjaer Group a/S ledes af en bestyrelse på 3-6 medlemmer, som er valgt på generalforsamlingen for en etårig periode. Bestyrelsesmedlemmerne kan genvælges. I øjeblikket består bestyrelsen af 4 medlemmer, hvoraf 1 er medarbejdervalgt. Bestyrelsen vælger selv sin formand og udnævner en direktion. Bestyrelsen er ansvarlig for den overordnede ledelse af selskabets anliggender og aktiviteter. Den bestyrelsesudnævnte direktion (ledelsesgruppen) er ansvarlig for selskabets daglige drift. Bestyrelsen mødes sædvanligvis 5-6 gange om året og kan ellers indkaldes når eller hvis, formanden finder det nødvendigt. Koncernledelsen Koncernledelsen er ansvarlig for den daglige ledelse og består i øjeblikket af per S. Lundgren (Ceo), Klaus Karstensen (CFo), Christos Kyriakidis (eVp) og richard Nijhout (eVp). direktionens gager Gager til direktionen fastsættes, så de anses for at være konkurrencedygtige, hvad angår størrelse, markedsforhold, aktiviteter etc. og bliver årligt taget op til vurdering af et aflønningsudvalg nedsat af bestyrelsen. uafhængig revision Kjaer Group a/S og koncernens årsregnskab revideres af et statsautoriseret revisionsfirma udpeget på den årlige generalforsamling. For øjeblikket er det Deloitte Statsautoriseret revisionspartnerselskab, der reviderer Kjaer Group a/S og de konsoliderede regnskaber. Corporate governance Kjaer Group a/S is the parent company in the Kjaer Group, which consists of a number of independent legal entities. The principal shareholder, with an 80% shareholding, is “The way Forward apS”, which is whollyowned by Mr. Mads Kjaer. The remaining shares are owned by the employees (10%) or have been bought by the company (10%). the board of directors In accordance with article 10 of the articles of association, Kjaer Group a/S shall be managed by a Board of Directors consisting of 3 to 6 members, who are elected by the General Meeting for a term of one year at a time. The Directors may be reelected. Today, the Board consists of 4 members, of which 1 is elected by the employees. The Board of Directors shall elect its own Chairman and appoint a Management Board. The Board of Directors shall be in charge of the overall management of the Company’s affairs and activities. The Management Board (executive Management) appointed by the Board of Directors shall be in charge of the day-to-day management of the Company. The Board normally meets 5-6 times per year and is otherwise convened when or if deemed necessary by the Chairman. executive Management executive Management functions as the day-to-day management and currently consists of per S. Lundgren (Ceo), Klaus Karstensen (CFo), Christos Kyriakidis (eVp) and richard Nijhout (eVp). remuneration of Management The remuneration payable to executive Management is based on what is considered competitive in relation to size, market conditions, activities etc., and is reviewed annually by a remuneration Committee established by the Board. Independent audit Kjaer Group a/S and the Group’s annual accounts are audited by a state authorised audit firm appointed annually at the annual General Meeting. The current audit firm of Kjaer Group a/S and the consolidated accounts is Deloitte. 13
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Årsrapport annual report 2012 - Kjaer Group

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