Corporate governance
Corporate governance
As a wholly-owned subsidiary of Empire Company Limited, stewardship over stakeholder interests in Sobeys is the responsibility of the Empire Board of Directors. Empire’s Board has strong representation from our largest investors and the valued and active participation of independent directors with a wide range of experience and skill. This creates a healthy dynamic that has provided decades of solid stewardship for stakeholders.
To fulfill its responsibilities, the Board establishes policies aimed at ensuring our corporate governance practices are among the best in Canada. At the core of these policies is a Code of Business Conduct and Ethics that emphasizes accountability and a Corporate Disclosure Policy that ensures transparency.
While written policies and standards provide the foundation for governance, thorough oversight demands a Board that is fully engaged in ensuring Empire can continue to grow shareholder value. At Empire, every director is involved in assessing the performance and the progress of our sustainability initiatives and understanding the major risks to the Company’s ability to deliver results. Because the Board is composed of a diverse group of individuals with a combination of skills and experience, it is particularly capable of guiding and challenging the senior management team.
A comprehensive discussion of Empire’s corporate governance policies and practices can be found in the Management Information Circular, Corporate Disclosure Policy and Code of Business Conduct and Ethics at www.empireco.ca.
