Oceans of challenge
Today, more than one billion people lack access to clean water. If we fail to conserve this life-giving resource sustainably, the numbers suffering from thirst will increase dramatically. At Alfa Laval, most of our customers use water in one way or another, so we are deeply involved in this challenge. We convert seawater to freshwater. We cool and heat water. We clean waste water. Playing a key role on the global stage, our high performance decanters are a good example. Installed in their thousands throughout the world, they clean a volume of waste water from a population equalling that of the entire USA. And each year we install new decanters with sufficient capacity to match the needs of everyone in Sweden!
125 years of Pure Performance. Alfa Laval was founded in 1883. Its starting point was the separator designed by our founder Gustaf de Laval. From the outset this set the keynote for our business: to create better everyday conditions for people. Today, our efforts are concentrated in three main areas: energy, the environment and food. Can you think of anything more important for a company to work with?
Corporate Governance Report 2008
Contents
Trust achieved through openness 112
Corporate Governance in Alfa Laval 112
Articles of Association 113
Annual General Meeting 113
Decisions made at the 2008 Annual General Meeting 113
Nominating Committee for the 2008 Annual General Meeting 113
Nominations for the 2009 Annual General Meeting 114
The Board of Directors 114
The Board’s responsibilities 114
The Board’s formal work plan 114
Board Chairman 114
Independent Board members 114
Board work during 2008 114
Audit Committee 114
Remuneration Committee 115
Extra committee for repurchasing 115
Evaluation of the Board’s work 115
Remuneration to the Board 115
Group Management 115
Remuneration, pensions and severance pay/  
termination of employment 116
Financial reporting 116
Policy documents 116
Internal controls 116
The internal audit team took part in all meetings  
with the Audit Committee 116
Internal audit 116
Risk management 116
Audits and auditors 116
Remuneration of auditors 116
Board of Directors’ report on internal control for fiscal year 2008 117
Board of Directors and Auditors 118
Group Management 120