Corporate Governance
Corporate Governance comprises Clariant’s governance structure, ownership, and control, as well as internal rules, processes, and practices. It ensures fair competition and establishes the corporate culture.
Clariant’s governance principles aim to promote sustainable long-term success by providing stakeholder value and transparency. The Group is committed to Swiss and international standards of corporate governance by following the respective statutory provisions and the rules issued by the SIX Swiss Exchange and by implementing the principles of the Swiss Code of Best Practices for Corporate Governance.
Clariant conducts its business through six business units: Additives; Catalysts; Functional Minerals; Industrial & Consumer Specialties; Oil and Mining Services; as well as the Business Unit PigmentsPigmentsPigments are substances used for coloring; they are used in a technical manner, for example in the manufacture of dyes, varnishes, and plastics. In 2020, Clariant launched the divestment process of its Pigments business, which was completed on 3 January 2022. (until the completion of the divestment on 3 January 2022). It reports on its continuing operations in the following three business areas: Care Chemicals; Catalysis; and Natural Resources (i.e., Functional Minerals, Oil and Mining Services, and Additives). In addition, there are nine service units and eight corporate functions.
The Board of Directors provides Clariant’s strategic direction and ensures a corporate culture that is appropriate for the company’s objectives. Additionally, it is the supreme management body of the company and, simultaneously, the supreme supervisory body of the Group. The ultimate decision-making authority is the Board of Directors in all matters except those decisions reserved by law or the Articles of Association for the shareholders, while the Executive CommitteeExecutive CommitteeManagement body of joint stock companies; at Clariant the Executive Committee currently comprises four members. is responsible for the financial and operational management.
Please consult the Corporate Governance Report for in-depth information on corporate governance.