We believe strong corporate governance supports the long-term interests of Marel's people, shareholders and operations around the world. The documents on this page outline our corporate governance principles and practices.
Marel is a dedicated and diverse team of about 8,000 people in over 30 countries. We are at the forefront of our industry. Our corporate governance framework reflects our commitment to excellence in everything we do.
Articles of association of Marel hf, dated 20 March 2024. Please find both the official (Icelandic) and unofficial translation (English) of the original document. In the event of any discrepancies, the Icelandic version prevails.
| Title | Description | |
|---|---|---|
| Title Articles of association in English | Size (0.6MB) | Document Download PDF |
| Title Articles of association in Icelandic | Size (0.5MB) | Document Download PDF |
Marel‘s vision is of a world where quality food is produced sustainably and affordably. This vision is reflected in our business model, which is based on the knowledge and talent of our employees, and driven by innovation, market penetration and operational excellence. The purpose of this code of conduct is to support that vision. It expresses who we are, and what we can expect from each other and our partners.
| Title | Description | |
|---|---|---|
| Title Code of conduct | Size (4.5MB) | Document Download PDF |
Marel issues rules of procedures for the board of directors and its subcommittees, as well as for insider trading. Download the rules below.
| Title | Description | |
|---|---|---|
| Title Board of directors | Size (0.4MB) | Document Download PDF |
| Title Audit committee | Size (0.7MB) | Document Download PDF |
| Title Nomination committee | Size (0.7MB) | Document Download PDF |
| Title Remuneration committee | Size (0.6MB) | Document Download PDF |
| Title Treatment of inside information | Size (0.2MB) | Document Download PDF |
Our policies guide and govern how we conduct our operation, how we engage with customers and potential customers, how we work with colleagues, and how we work with society in general. These policies apply to all Marel employees, with no exceptions.
| Policy | Overview | Document |
| Anti-bribery and anti-corruption policy | We know that our company’s reputation is crucial to our success. Therefore, we take compliance with global anti-bribery and anti-corruption laws and regulations very seriously. The anti-bribery and anti-corruption policy adopted by Marel in January 2017 reinforces our commitment. The policy applies to all employees, officers, and directors as well as any contractors, consultants, agents, and other business partners engaged in business on behalf of Marel. As an international company, we adhere to the anti-bribery and anti-corruption laws of all the countries in which we operate. | |
| Diversity and inclusion policy | A global diversity and inclusion policy was adopted by the board of directors in 2017 and has been in force since 2018. Its objective is to ensure diversity and inclusion within Marel as well as increasing job satisfaction and general wellbeing in the workplace. We aim to make sure that employees are not discriminated against on the grounds of their gender, beliefs, nationality, race, sexual orientation, religion, color, personal finances, family, age or on any other grounds. | |
| Global health, safety and environmental (HSE) policy | Providing a healthy and safe working environment for all of our employees, contractors, and visitors working in Marel facilities is the right thing to do and we take pride in doing it well. Health, safety, and the environment concern all of us and we do our utmost to make sure our employees have the necessary competence, tools, and instructions to perform their work professionally and safely. | |
| Investor relations policy | Providing investors with equal access to timely and accurate information about Marel’s operations and business environment is the central aim of our investor relations policy. The policy is based on Marel’s values of unity, excellence and innovation. | |
| Remuneration policy | Our remuneration policy reflects the objectives of robust governance, as well as our sustained, long-term approach to value creation for Marel’s shareholders. The policy is designed to attract, motivate and retain exceptional employees in a competitive and international market. | |
| Sanctions policy | Marel is required to comply with laws imposing trade and financial restrictions on dealings with certain countries, entities and individuals. This Policy sets out requirements and procedures designed to promote compliance with sanctions laws. |
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| Charitable giving and social participation policy | Marel’s charitable giving and social participation guidelines align with our pledge of corporate social responsibility. Our guidelines are designed to support the company in being the partner, neighbor, employer, customer and supplier of choice around the world. | |
| Tax policy (UK) | Our direct contribution to taxation in the UK economy spans corporate, employment, property and insurance premium taxes, as well as some minor other taxes. | |
| Corporate governance statement | Icelandic law and the company's corporate governance framework determine the duties of the various bodies within the company. They define and dictate how the company is governed and controlled. Marel's corporate governance statement is updated annually. | |
| Corporate social responsibility approach | Marel's guiding principles in regard to corporate social responsibility. | |
| Supplier Code of Conduct | Marel’s Supplier Code of Conduct provides guidance on how to work and act in line with Marel’s purpose, values and the highest standards of integrity. It applies to consultants, suppliers, vendors, contractors and other business partners providing goods and services. | |
| Date Ethics Policy | The objective of the Data Ethics Policy is to establish the high standards for data ethics that Marel adheres to and to emphasise Marel’s commitment to a responsible and ethical use of data. The Policy is intended to support and complement Marel's ESG and Data Protection Policies. |
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