Internal assurance
Below is a list of some of the internal assurance mechanisms we have in place to add assurance and thereby credibility to the company’s activities and reporting with regard to accuracy, completeness and reliability.
Internally generated assurance mechanisms
- Employee magazines People and People+
- Intranet
- Helplines.
Strategies, policies and programmes assure by means of:
- Functional strategies, eg strategies for each EVP area
- Employee Value Creation models, eg People & Organisation Strategy
- Loyalty programmes.
Internal Audit assures by means of:
- Facilitations by independent facilitators
- Internal audits as part of ISO 9001 and ISO 14001 certification.
Governance structures assure by means of:
- Audit Committee and 'whistleblower system'
- Group Internal Audit and quality audits, ombudsman function
- Risk management, eg Risk Committee and Risk Management process.
Internal stakeholder dialogue assures by means of:
- Lars LIVE
- PeopleTV.
Remuneration and awards assure by means of:
- Performance feedback, eg 3P and link to incentive system
- Balanced Scorecards at different levels, eg corporate, executive vice president and senior vice president
- Employee awards, eg TakeAction! Award, Danish OHS award, Sales Rep of the Year, Manager of the Year, Novo Nordisk Lifetime Award etc.
- Incentive schemes linked to targets.
This page has been reviewed by PricewaterhouseCoopers as part of its assurance of Novo Nordisk’s non-financial reporting. Please refer to Audit and assurance for a full description of the conclusions and the nature of assurance offered.
