Industrivärden's operations are conducted at the offices in Stockholm, Sweden. The company has a professional and cost-efficient organization that is characterized by high flexibility and short decision-making channels. Operations involve approximately 15 employees, eight board members and an extensive network. Internal work is project-oriented, and most employees are involved in both the investment and active ownership processes.
Professional and successful asset management requires competent and committed employees as well as an attractive and dynamic workplace. Major emphasis is therefore put on recruiting processes, competence development, and building a good company culture. Industrivärden's ethical values foundation and ambitions as an employer are set out in the Company's Code of Conduct, which addresses areas such as the work climate, diversity and business ethics. Industrivärden is committed to providing its employees with compensation that is competitive and in line with the going rate in the market. Variable salary components are to be coupled to set targets and shall be distinctively value-creating.
The Executive Management handles the Company’s day-to-day administration, which includes strategic, organizational and finance matters as well as control and follow-up, among other things. Members of the Executive Management participate in the asset management activities and can provide specialist expertise. Certain members of the Executive Management also serve on portfolio companies’ nominating committees and boards.
The members of the Executive Management, together with representatives from the investment and analysis organization, form Industrivärden’s investment committee. The committee monitors activities on a continuing basis, makes investment decisions and adopts Industrivärden’s action plans for the portfolio companies.
Investment and analysis organization
The investment and analysis organization performs investment analyses, continuously reviews Industrivärden’s fundamental analysis of existing and potentially alternative investments, and regularly updates the Company’s action plans in support of its active ownership.
Operations are organized into teams, which monitor and evaluate developments in the portfolio companies. Each investment team is led by a team manager. The teams continuously perform investment and company analyses that culminate in a so-called fundamental analysis. In this way the investment and analysis organization builds up deep, fact-based knowledge about the respective portfolio companies and their operating environments. Important external factors include market conditions, competitors, customers and megatrends.
Equities market function
Industrivärden’s equities market function executes investment decisions and provides information on the market and macro-environment. To generate added returns and build knowledge, smaller investments are also made to a limited extent in listed Nordic equities. The function has one employee, who is also active in the analysis and investment organization.
In support of Industrivärden's operations, and to meet the requirements of a market listing, there are also necessary support functions in business administration, finance, IT, legal and communication.
All employees have continuous appraisals with their immediate superiors. This dialog aims to assess the past year, set up individual targets and to determine relevant development measures.
As part of its endeavor to recruit and retain talented employees, Industrivärden strives to offer its employees a compensation package that is in line with the going rate in the market, consisting of base salary, a variable salary component, incentive programs and pension benefits.