Stable community of values
One feature distinguishes Haniel from other family-owned companies: since the beginning of the 20th century, corporate management has been entrusted to external managers. No family member works in the Group. Entrepreneurial decisions can thus be taken without regard to family commitments in order to achieve optimal business results.
The family members have a long-term average of 25 per cent of their own share of the Group annual net income. And they only pass on Haniel shares to each other. This means that selling to people outside the business is not possible.
The more than 720 shareholders are organised in the Shareholders’ Meeting. It convenes once a year and elects the Family Advisory Board - the link between the family and the company - from its members for periods of five years. The Advisory Board comprises up to 30 family members, from which four family members are elected to the Supervisory Board by the Annual Shareholders’ Meeting. In addition, the Annual Shareholders’ Meeting elects 2 non-family members to the Supervisory Board, who form the group of shareholder representatives in the Supervisory Board along with the family members. Here, they co-determine the principles of the business policy and influence the corporate strategy. The chairmanship of the Supervisory Board, who form the group of shareholder representatives in the Supervisory Board along with the family members. Here, they co-determine the principles of the business policy and influence the corporate strategy. Shareholder and employee representatives are equally represented in this co-determined monitoring body and together they appoint and dismiss members of the Management Board, monitor their work and support them in an advisory capacity. Four members of the Supervisory Board form the Audit Committee, which also features equal representation. This monitors the accounting process and the effectiveness of the internal control system, the risk management system, the internal audit function and the compliance management system. Moreover, the committee examines and confirms the impartiality of the auditors of the financial statements.
Enkelfähig also means that we make decisions that are fair and ethical, reflecting our values and core behaviors. We believe that performing with compliance and integrity is the foundation for sustainable business models that create value for generations.
Since our foundation, the key factors for Haniel’s success have been a high degree of creative energy, the willingness to take entrepreneurial risks and doing things differently. What anchors and guides us at all times are the Haniel values – they define who we are and ensure that we protect and preserve our most valuable asset: our reputation as a valued, fair and trusted employer, business partner and community member.
At the center of these values is our deep commitment to the highest standards of integrity and ethical conduct. This does not just mean complying with the law – that is a given. It also means “doing what's right” by following some simple ethical principles so we can make good decisions.
The Haniel Code of Ethics describes the standard against which all activities are to be measured.