WSA is a global leader in hearing healthcare
Corporate governance
We believe good governance practice is about values and integrity as well as compliance and risk mitigation. WSA has a two-tier management structure, with the overall vision, strategy and objectives set by the Board of Directors, which is appointed by the company's shareholders. The Board of Directors appoints and oversees the Executive Board, which consists of the Group President & CEO, the Group CFO and the President of Region Americas, who are responsible for the day-to-day management of WSA and its strategic direction. None of the executive officers are members of the Board of Directors.
Management structure
WSA operates a two-tier management structure under which the overall vision, strategy, and objectives are anchored in the Board of Directors appointed by the company’s shareholders.
Ownership
WSA is privately owned by CN8 A/S (51%), the jointly owned investment company of the Tøpholm and Westermann families and the Lundbeck Foundation, as well as entities owned by the EQT funds and ATHOS KG (49%). The owners possess comprehensive healthcare industry and technology insight as well as experience building global market leaders with significant value-creation opportunities.
Risk management
Risks are a natural and integral part of our business. We continuously monitor the risk landscape and take proactive mitigating actions to optimize business performance while balancing risk and returns. The oversight responsibility for risk management lies with the Board of Directors. Group Management is responsible for the ongoing identification and management of risks, reviewing and shaping processes and activities.
Identification
Risks are continously identified and reported using uniform templates and tools
Assessment
Identified risks are analysed and assessed to determine triggers, impact and likelihood
Recording
Key risks are established, prioritized and documented, and risk owners are appointed
Mitigation
Risk mitigation action plans are prepared and implemented across the affected businesses
Monitoring
Development of key risks and mitigation actions are monitored by risk deep-dives and reporting
Policies
At WSA Group, we strongly believe that acting responsibly and ethically is the right thing to do for our customers, our business partners, our colleagues and the communities where we work. We conduct our business responsibly and in compliance with the laws and regulations of all the countries where we do business. We do not tolerate illegal and unethical behaviour. Our Code of Conduct contains the core principles to guide us in our commitment to doing business to a high standard. It presents each of us with an ethical and behavioural framework to help make the correct choices in challenging situations.