<p>Icelandic law and the company’s corporate governance framework determine the duties of the various bodies within the company. They define and dictate how the company is directed and controlled – including the interaction between the CEO, who is responsible for day-to-day management, the Board of Directors, shareholders, regulators and other stakeholders.</p> <p>Marel hf. is committed to recognized general principles aimed at ensuring good corporate governance. In 2015, Marel launched an external audit of its corporate governance structure and procedures, followed by a certification of the same. In January 2016, the company received recognition as “Exemplary in Corporate Governance” from the Center for Corporate Governance at the University of Iceland.</p>

Organizational chart

The organizational structure supports our goal of becoming a simpler, smarter and faster company. The poultry, fish, and meat industries are the three pillars of the company which are supported by the company’s global divisions: innovation, global markets, service and supply chain. The overall objective with the matrix organizational structure is to serve our customer better, reduce time to market and penetrate markets faster and more efficiently.


Our leadership

<p><span style="font-weight: 400;">A company is only as good as its employees. Take a closer look at Marel’s senior decision-makers, and learn about some of the experiences that have led them to where they are today.</span></p>

Annual general meeting

<p><span style="font-weight: 400;">Marel’s latest annual general meeting took place on 6 March, 2019, in Iceland.</span></p>


Our policies guide and govern how we conduct our operation, how we engage with customers and potential customers, how we work with colleagues, and how we work with society in general. These policies apply to all Marel employees, with no exceptions.

Anti-bribery and anti-corruption policy

We know that our company’s reputation is crucial to our success. Therefore, we take compliance with global anti-bribery and anti-corruption laws and regulations very seriously. The anti-bribery and anti-corruption policy adopted by Marel in January 2017 reinforces our commitment.

The policy applies to all employees, officers, and directors as well as any contractors, consultants, agents, and other business partners engaged in business on behalf of Marel. As an international company, we adhere to the anti-bribery and anti-corruption laws of all the countries in which we operate.

Diversity policy

A global diversity and inclusion policy was adopted by the board of directors in 2017 and has been in force since 2018. Its objective is to ensure diversity and inclusion within Marel as well as increasing job satisfaction and general wellbeing in the workplace. We aim to make sure that employees are not discriminated against on the grounds of their gender, beliefs, nationality, race, sexual orientation, religion, color, personal finances, family, age or on any other grounds.

Global health, safety and environmental (HSE) policy

Providing a healthy and safe working environment for all of our employees, contractors, and visitors working in Marel facilities is the right thing to do and we take pride in doing it well. Health, safety, and the environment concern all of us and we do our utmost to make sure our employees have the necessary competence, tools, and instructions to perform their work professionally and safely.

Investor relations policy

Providing investors with equal access to timely and accurate information about Marel’s operations and business environment is the central aim of our investor relations policy. The policy is based on Marel’s values of unity, excellence and innovation.

Remuneration policy

Our remuneration policy reflects the objectives of robust governance, as well as our sustained, long-term approach to value creation for Marel’s shareholders. The policy is designed to attract, motivate and retain exceptional employees in a competitive and international market.

Reports and documents

Articles of association

Articles of association of Marel hf, dated 22 November 2018.

Please find both the official (Icelandic) and unofficial translation (English) of the original document. In the event of any discrepancies, the Icelandic version prevails.

Code of conduct

Marel‘s vision is of a world where quality food is produced sustainably and affordably. This vision is reflected in our business model, which is based on the knowledge and talent of our employees, and driven by innovation, market penetration and operational excellence. The purpose of this code of conduct is to support that vision. It expresses who we are, and what we can expect from each other and our partners.

Rules of procedure

Marel issues rules of procedures for the board of directors and its subcommittees, as well as for insider trading. Download the rules below.