Board Composition and Succession Planning

The Nomination and Compensation Committee (NCC) holds the responsibility for the succession planning. The duties of NCC includes:

  • Identification and assessment of potential candidates to positions on the Board based on predefined criteria
  • Yearly assessment of the Board and the Board Committees with regard to performance, constitution and independence
  • Yearly assessment of the performance of each member of the Group Management
  • Identification and assessment of potential candidates to the position of CEO
  • Review of candidates for other Group Management positions as proposed by CEO
  • Yearly review and assessment of the succession planning and emergency succession list for positions of Group Management  
Assessment of Board of Directors

The composition of the Board of Directors should represent the necessary skills, qualifications, and diversity to be able to perform the required duties. The Board skills matrix is used as a tool to evaluate existing and potential Board members.

  Board Members
  1 2 3 4 5 6 7 8 x
Experience                  
Industry/Business Model                  
Diversity                  
Senior Leadership (CEO/Chairman)                  
Global Organization                  
Entrepreneurship                  
                   
Skill/Expertise                  
Financial/Audit                  
Strategy/Consulting                  
Business Development/M&A                  
HR/Management Development/Human Capital                  
Brand Marketing/Sales                  
Technology/Innovation                  
Digital/E-Commerce                  
Geographical                  
Governance/Legal                  
Operational/Manufacturing/Supply Chain                  

For Sika a well-balanced composition of the Board is of high relevance - with an independent majority – and an appropriate mix of members representing consistency and renewal.