Group Management includes the CEO, the six business area heads and five Group staff heads.Read more
Internal control over financial reporting
The Electrolux Control System (ECS) has been developed to ensure accurate and reliable financial reporting and preparation of financial statements in accordance with applicable laws and regulations, generally accepted accounting principles and other requirements for listed companies.
ECS adds value through clarified roles and responsibilities, improved process efficiency, increased risk awareness and improved decision support.
ECS is based on the framework for internal control issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The five components of this framework are control environment, risk assessment, control activities, monitor and improve and inform and communicate.
The Electrolux Board has overall responsibility for establishing an effective system of internal control. Responsibility for maintaining effective internal controls is delegated to the President.
Read more within Management
Group Management includes the President and CEO, the six sector heads, the Chief Financial Officer, the Head of Human Resources and Organizational Development, the General Counsel, the Chief Marketing Officer, the Chief Technology Officer...Read more
Electrolux aims at implementing strict norms and efficient processes to ensure that all operations create long-term value for shareholders and other stakeholders.Read more