Our Values and Purpose Guide Us in Creating Sustainable Value for Our Stakeholders
Our Values and Purpose guide us in creating sustainable value for our stakeholders.
As a company driven by its promise, CSL is committed to maintaining the highest standards of corporate governance across our entire business. Our approach to proper oversight and sound corporate governance goes well beyond meeting our compliance obligations. We believe that our governance framework empowers our high-performing and respectful culture while underpinning CSL’s Values of Patient Focus, Innovation, Integrity, Collaboration and Superior Performance.
Through sound governance practices and principled leadership, CSL is able to realise its vision of a sustainable future for our employees, communities, patients and donors, inspired by innovative science and a values-driven culture.
CSL Limited's Board and management maintain high standards of corporate governance as part of their commitment to maximize shareholder value. This is achieved through promoting effective strategic planning, risk management, transparency and sustainability.
The Board is responsible for the oversight and strategic direction of CSL. It monitors operational and financial performance, human resources policies and practices, and approves the company's budgets and business plans. It is also responsible for overseeing CSL's risk management, financial reporting and compliance framework. The Board has a formal charter documenting its membership, operating procedures and the appointment of responsibilities between the Board and management.
The Board has delegated the day-to-day management of CSL, and the implementation of approved business plans and strategies, to the CEO and Managing Director, who in turn may further delegate to senior management.
The Global Leadership Group is responsible for the day-to-day running of CSL.
Sustainability is governed by CSL's Executive Sustainability Committee. The Committee facilitates the development of our sustainability targets and drives awareness, integration and continuous improvement throughout the Company. The Committee reports to the CEO/ Managing Director and is further supported by the Board's committees.
See below for our Sustainability Governance structure: