Annual Report 2010 - Falck

38 Falck Annual Report 2010 | Management review
3. Openness and transparency
Shareholders, including potential shareholders, and other stakeholders
have different needs for information about the company.
Their understanding of and relations to the company depend on the
amount and the quality of information published by the company.
Openness and transparency are essential conditions for ensuring
that the company’s shareholders and other stakeholders are able to
regularly evaluate and relate to the company and its future.
Openness and mutual respect are prerequisites for a fruitful interaction
between the company and its stakeholders.
A thorough and updated communication strategy will help the
company provide timely, trustworthy, accurate and up-to-date
internal and external information of high quality and comply with
the disclosure requirements in force from time to time.
Falck’s position
Falck believes that it complies with the recommendations under
heading 3 in all essentials.
Falck’s annual reports are prepared in accordance with International
Financial Reporting Standards (IFRS) and additional
Danish disclosure requirements for annual reports. The reports
are prepared in Danish as well as English and contain, in addition
to the financial information, a review of the Group’s affairs
and position with respect to corporate social responsibility,
corporate governance and risk factors. Moreover, the annual
reports describe developments in the Group’s four business
areas. Accordingly, the company believes that the annual report
includes all relevant financial and non-financial information of
interest to the company’s stakeholders.
Due to Falck’s general public service assignments, Falck and
Falck’s activities may attract great attention from the media
and other external stakeholders. An important element of
Falck’s communications strategy is that inquiries from the
media and other external stakeholders are met with openness,
locally, regionally, nationally as well as internationally.
Falck can always make statements on its activities and specific
actions. However, Falck is not allowed to provide information
on the condition of patients or clients, the cause of accidents,
personal information or actual conditions that may possibly
hamper police investigations or the like. Moreover, Falck is not
prepared to provide information on matters which should only
be commented on by the public authorities. In order to ensure
sufficient credibility, Falck voluntarily provides information on
positive and negative affairs in the organisation that may be assumed
to have material significance to the general public.
4. The tasks and responsibilities of the supreme
and the central governing bodies
The supreme governing body is responsible for safeguarding the
interests of the shareholders with care and due consideration of the
other stakeholders.
The most important tasks of the supreme governing body include
appointing a qualified executive board, establishing its tasks,
conditions of employment and distribution of work and preparing
guidelines for accountability, planning, follow-up and risk management.
The supreme governing body is responsible for supervising
An important element of Falck’s communications
strategy is that inquiries from the media and
other external stakeholders are met with
openness, locally, regionally, nationally as well as
internationally