Main Activities of the Strategy Committee
The Strategy Committee dealt in particular with NORMA Group’s long-term orientation towards the various end markets and megatrends. This committee also deals with the effects of climate change on NORMA Group’s business and discusses the sustainability of NORMA Group’s products and production. The committee deals with the innovation process and international expansion of the strategic business units Water Management, Industry Applications, and Mobility and New Energy in the regions. The structures and resources required for this were also proposed.
In fiscal year 2022, the committee also addressed, among other topics, the organization of invention applications and patent strategy, M&A strategy, and plans for new sites and site closures, as well as Capex.
Besides the Chairman of the Management Board, who attended all meetings, the managers responsible also took part in the Strategy Committee meetings on the respective topics.
These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.