As part of the governance of Group operations, Skanska AB's Board of Directors has established a number of policy documents. In addition, the Senior Executive Team has established more detailed guidelines for the Group. These policies and guidelines are available to all business units on Skanska's internal website and are updated regularly to reflect changes in operations and new requirements.
Among the more important governing documents are the Board's Procedural Rules, the Group's financial policy, communications policy and risk management policy and the Code of Conduct.
The Board's procedural Rules state what items of business shall be decided by the Board of Skanska AB, by the CEO/Senior Executive Team or at the business unit level. The threshold levels for decisions stated in the Procedural Rules are further broken down in the business units' own decision-making rules.
The business units provide regular, systematic feedback on compliance with the more important governing documents, such as the Code of Conduct, to the Senior Executive Team.