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Governance and policies

We want to be the trusted leader in our sector. Building our business on clear principles and sound governance helps us maintain trust in the Nestlé brand and reduce risk throughout our value chain.

The Nestlé Corporate Business Principles

We regulate the way we operate using the Nestlé Corporate Business Principles, which form the basis of our culture, our values and our Creating Shared Value (CSV) strategy. The principles are available in more than 50 languages, and all employees must comply with them through the ongoing implementation of relevant business codes, policies, processes and tools. We monitor their application and effectiveness through various channels, including our CARE audits, and have a formal public commitment to provide employees with training on them.

Our Corporate Business Principles are reviewed by our Executive Board and aligned with international best practice and standards such as the UN Global Compact (UNGC) Principles.

Our internal governance structure

The Board of Directors, the Chairman, CEO and Executive Board are responsible for the supervision and management of our role in society, and for the Creating Shared Value (CSV) strategy. They are supported by internal management bodies such as the Nestlé in Society Board (see below), as well as relevant Committees to drive our ambitions and commitments.

 

Nestlé in Society Board

The Nestlé in Society Board is chaired by our CEO. It leads the strategic development and implementation of Creating Shared Value (CSV) across our business, including for all societal commitments, objectives and strategies, and reverts to the Executive Board for input and confirmation.

Specifically, the Board works to:

  • Ensure all activities and workstreams align with Nestlé’s positioning in society.
  • Assess and draw appropriate conclusions from societal developments affecting Nestlé.
  • Further strengthen our credentials in CSV, environmental sustainability and compliance.

The Nestlé in Society Board currently comprises: Mark Schneider, Magdi Batato, Tom Buday, Patrice Bula, Christian Frutiger, Stefan Palzer and Eugenio Simioni. As of 2019, the Nestlé is Society Board meetings will be included in the agenda of the Executive Board meetings twice a year.

Nomination and Sustainability Committee

The Nomination and Sustainability Committee was established in 2016. It prepares the succession planning of the Board and periodically reviews other measures to ensure our company’s sustainability and how its long-term strategy relates to our ability to create shared value.

The Nomination and Sustainability Committee currently comprises: Paul Bulcke, Henri de Castries (chair), Ann M. Veneman and Eva Cheng.

External advisory groups

Our internal governance structure is supported through a wider network that includes external advisory groups.

The Nestlé Creating Shared Value Council

Chaired by Janet Voûte, the Nestlé CSV Council currently comprises six external members, whose expertise spans corporate social responsibility, strategy, sustainability, nutrition, water and rural development. The group advises Nestlé management on implementing Creating Shared Value (CSV) and assesses our progress. Council members also participate in Nestlé’s CSV Global Forum and form the judging panel for the Nestlé CSV Prize.

The external members of the Council

  • Ms. Cecilia Chatterjee-Martinsen started her career in the private sector and has led projects in South America, the Middle East, and Europe. In September 2003 she changed her professional career from focusing on international sales and marketing, then at the telecommunications giant Ericsson, to working in the development sector. Since then, she has worked as a Communications Specialist for the Water and Sanitation Program (WSP) at the World Bank in Senegal, as Programme Officer at the Water Supply and Sanitation Collaborative Council secretariat in Geneva (WHO) and as Director at the Stockholm International Water Institute for the World Water Week and Prizes. In October 2011, she took on the role of Chief Executive of WaterAid Sweden, the Swedish arm of the international NGO with the mission to transform lives of the poorest and most marginalised people through access to safe water, sanitation and hygiene. She holds a Bachelor’s degree in Business Administration with focus on International Marketing and a Master’s Degree in Humanitarian Development from Uppsala University.

  • Georg Kell is Chairman of Arabesque, an ESG Quant fund manager that uses self-learning quantitative models and big data to assess the performance and sustainability of globally listed companies. He is the Founding Director of the UN Global Compact, the world’s largest corporate sustainability movement with over 9 000 corporate and 4 000 noncorporate participants in more than 160 countries. Georg also oversaw the conception and launch of the Principles for Responsible Investment (PRI), the Sustainable Stock Exchange Initiative (SSE) and the Principles for Responsible Management Education (PRME).

  • Mark R. Kramer is co-founder and Managing Director of FSG, a nonprofit consulting firm established in 2000 and specializing in strategy, evaluation and research. As the primary overseer of FSG‘s consulting practice, he helps drive the vision and growth of the firm and leads engagements across all FSG’s impact areas, with a particular focus on shared value. A prolific author, Mr. Kramer’s work is featured regularly in major publications, and he is a frequent speaker around the world on topics including catalytic philanthropy, collective impact, creating shared value for corporations, new approaches to evaluation, impact investing and social entrepreneurship. He is the co-author of four Harvard Business Review articles with Professor Michael E. Porter of Harvard Business School.

  • José Lopez is a senior leader with 36 years of general management and operational experience in the fast-moving consumer goods (FMCG) industry. Most recently, he held the role of Executive Vice President, Chief Operations Officer, at Nestlé SA, until his retirement in September 2015. His previous roles in the company included Chairman and CEO of Nestlé Japan Ltd and Managing Director of Nestlé Malaysia and Singapore. He has recently become a Fellow of the University of Cambridge Institute for Sustainability Leadership (CISL) and the Executive in Residence at IMD Lausanne.

  • Prabhu Pingali is Professor and Director of the Tata-Cornell Agriculture and Nutrition initiative at Cornell University and Full Professor in Applied Economics. He has more than 25 years of experience in assessing the extent and impact of technical change in developing agriculture in Asia, Africa and Latin America. He was formerly the Deputy Director of the Agriculture Development Program at the Bill and Melinda Gates Foundation and Director of the Agricultural and Development Economics Division of the Food and Agriculture Organization (FAO), and earned a PhD in Economics from North Carolina State University in 1982.

  • Fred is the co-founder of the African Leadership Group – an ecosystem of organizations that aim to catalyze a generation of ethical, entrepreneurial African leaders. Collectively, these institutions aim to develop 3 million leaders for Africa by 2035. Fred previously worked as a McKinsey consultant in South Africa before earning an MBA from Stanford. He is a World Economic Forum Young Global Leader; an Echoing Green Fellow; an Aspen Institute Fellow; was named one of Forbes Magazine’s “Top ten young ‘power men’ in Africa” in 2011; and most recently, was recognized as one of TIME Magazine’s most influential people of 2019.

  • Ann M. Veneman has had a distinguished career in public service. She served as Executive Director of the United Nations Children’s Fund (UNICEF) from 2005 to 2010, prior to which she was US Secretary of Agriculture from 2001 to 2005. She also served as Secretary of the California Department of Food and Agriculture from 1995 to 1999, overseeing the state agency responsible for the United States’ largest agricultural producing region. From 1986 to 1993, she served in various positions in the United States Department of Agriculture (USDA), including Deputy Secretary, Deputy Undersecretary for International Affairs and Associate Administrator of the Foreign Agricultural Service. Veneman’s leadership and vision has been recognized both nationally and internationally. In 2009, she was named in the Forbes World’s 100 Most Powerful Women list, and she has been the recipient of numerous awards and honors. In 2016, she received the Women Making History Award from the National Women’s History Museum. Veneman currently serves on a number of boards of directors, advisory councils, committees and nonprofit boards. She is a frequent speaker on a range of topics including poverty alleviation, empowering women and girls, food security and nutrition, and global health.

  • Janet Voûte, is the Chairperson of the Creating Shared Value Council and a member of the Board of Bupa (the British United Provident Association) as well as Bamboo Finance. Previously she was a member of the International Integrated Reporting Council and served as Global Head of Public Affairs at Nestlé. She also served as Partnership Advisor at the World Health Organization in the area of non-communicable diseases and mental health and as CEO of the World Heart Federation. She was formerly Vice President and Partner at Bain & Company.

Download our Creating Shared Value report