Governance
Trust as a cornerstone of business and operations
Trust is the foundation of our relationships with employees, partners and customers. We foster this trust through transparency and an evolving governance process. Our Code of Conduct guides employees, ensuring our decisions reflect the company’s core values. Key sustainability metrics, like decarbonisation and diversity, directly influence the remuneration of our management team. By acting ethically and adhering to legal regulations, we create a sustainable work environment and forge strong, trust-based relationships with our customers.
The pillar of integrity
Škoda Auto takes pride in being part of the Volkswagen Group’s Together4Integrity (T4I) programme, which unifies all of the company’s integrity and compliance initiatives in one comprehensive scheme. It equips our employees across all levels with the guidelines they need to make ethical choices when facing challenges and difficult decisions. Through the T4I programme, each employee is empowered to contribute meaningfully to ethical business practices, fostering trust among present and future colleagues, partners, and customers.
The backbone of compliance
To ensure the safety of our customers and employees, and protect our environment, we rely on a robust legal structure and internal regulations. These include our Code of Conduct and the Czech Corporate Governance Code 2018. The Code of Conduct is binding for all employees, and each employee completes Code of Conduct training at least once every two years. Our Governance, Risk & Compliance department supports all employees, offering guidance on all matters related to corporate governance. Alongside our partners, we commit to transparent social, environmental, and sustainability policies, reinforcing the company’s long-term growth and success.
The backbone of compliance
To ensure the safety of our customers and employees, and protect our environment, we rely on a robust legal structure and internal regulations. These include our Code of Conduct and the Czech Corporate Governance Code 2018. The Code of Conduct is binding for all employees, and each employee completes Code of Conduct training at least once every two years. Our Governance, Risk & Compliance department supports all employees, offering guidance on all matters related to corporate governance. Alongside our partners, we commit to transparent social, environmental, and sustainability policies, reinforcing the company’s long-term growth and success.
Engaging our stakeholders
We value the voice of our stakeholders – from municipalities and shareholders to governments and customers. Our regular touchpoints keep us connected, and our biennial dialogues help determine our strategic direction. Our 2021 dialogue helped us to identify 25 key topics, bridging both our interests and those of our stakeholders. This process is helping us to define areas with highest material impact.
The safety net of risk management
Identifying, evaluating, and promptly addressing potential risks is vital to the protection of our organisation, partners, and customers. To shield ourselves from any financial, legal, or strategic risks, we have established a comprehensive Risk Management System (RMS) and an Internal Control System (ICS). These systems not only help mitigate the consequences of adverse events but they also identify opportunities and potential avenues for us to explore.
The safety net of risk management
Identifying, evaluating, and promptly addressing potential risks is vital to the protection of our organisation, partners, and customers. To shield ourselves from any financial, legal, or strategic risks, we have established a comprehensive Risk Management System (RMS) and an Internal Control System (ICS). These systems not only help mitigate the consequences of adverse events but they also identify opportunities and potential avenues for us to explore.