Read the DyStar Sustainability Report 2011...

Corporate Governance
DyStar is a privately held company; however, we believe in transparency
and have therefore voluntarily adopted management policies and
structures that support good corporate governance.
DyStar has established a Board of Directors to strengthen corporate
governance and oversight. The Board of Directors are responsible for
setting broad policies and objectives, long-term business strategy and
plans and risk management. They are also responsible for ensuring
that adequate financial resources are available, appointment and
compensation of senior management, and legal and ethical compliance.
Our Board consists of five members including the Chairman. Each
board member offers a combination of strong industry expertise, corporate
experience and extensive knowledge of corporate governance issues.
The Board is supported by a number of committees. The Audit Committee
helps the Board by providing an independent review of the effectiveness
of the DyStar Group’s accounting and financial reporting process and
material internal controls.
The company has established an Internal Audit function to assist the
Audit Committee to evaluate the internal controls by performing regular
audits to ascertain the effectiveness of internal control systems, risk
management processes, and control and governance processes of the
organization.
The Remuneration Committee assists the Board in the review and
recommendation of a remuneration framework and specific packages
for each Director and the Group CEO and President. The Remuneration
Committee ensures that remuneration and Human Resource policies
of the company support the strategic objectives of the business and
enable the recruitment, motivation and retention of employees.
The Board meets on a quarterly basis to review business and operational
plans and strategic business decisions. They work closely with the
Group CEO and President who has the responsibility for the executive
management with the help of a senior management team.
The Group CEO and President is responsible for developing strategic
plans and policies for approval by the Board of Directors. Other duties
include implementing and monitoring business strategy across
business divisions, financial and operational management, ensuring
organizational efficiency, legal compliance, internal and external
communications, and promoting a corporate culture that facilitates
achieving business goals.
The Group CEO and President is also responsible for communicating
ethical business practices and expectations to all employees through
regular communications and periodic company meetings.
DyStar follows an Open Door Policy that gives employees direct access
to senior management to address concerns or make suggestions for
improvement. Employees can communicate any ethical issues either
through contacts points provided by the global compliance officer or
by directly approaching the senior management.
DyStar Board of Directors
Ruan Weixiang, Chairman
Manish Kiri, Director
Chang Sheng, Director
Xu Yalin, Director
Amit Mukherjee, Director
DyStar Senior Management
Harry Dobrowolski, Group CEO & President
Viktor Leendertz, Group CFO & General Manager DyStar HQ
Eric Hopmann, Sales Area Management – Europe
Klaus Kadletz, Sales Area Management – TAME (Turkey, Africa & Middle East)
Ron Pedemonte, Sales Area Management – Americas
2011 Sustainability Report - DyStar Group 11