Caterpillar: Organizational Structure and Corporate Management Controls
ORGANIZATIONAL STRUCTURE/CORPORATE MANAGEMENT CONTROLS
➢ Corporate Governance Mission Statement: o Caterpillar’s corporate governance program ensures we serve the interests of stockholders and other stakeholders with the highest standards of responsibility, integrity and compliance with all laws. These standards are guided by our board of directors and global management team, who work to oversee the company’s actions, performance and governance policies. ➢ ➢ Announced that it is aligning its machine product and marketing organizations to sharpen customer focus, position the company to build deep expertise in product development. ➢ A key change in the aligned structure is the creation of five end-to-end Machine Business Divisions: Mining, Quarry & Waste, Excavation, Earthmoving and Building Construction Products. ➢ The alignment also introduces three new regional Distribution Services Divisions within Caterpillar, replacing the company 's current marketing arms. They will have responsibility for Caterpillar 's total portfolio of business with each dealer, the dealer relationship, dealer development and ensuring the most efficient and effective distribution of Caterpillar machines, engines and parts. ➢ Caterpillar 's current Motion & Power Control Division will be expanded and reorganized into two new divisions; The Advanced Systems Division & The Core Components Division (engineering and supply base for hoses and tubes, filters and common components like tires, bearings, fasteners and seals)
|Caterpillar strives to make its governance standards and principles transparent. Key points and significant changes in our standards and |
|principles, as well as the overall evolution of our key governance decisions, are highlighted here. |
|Corporate Governance: Highlights |
|Our Code
➢ Corporate Governance Mission Statement: o Caterpillar’s corporate governance program ensures we serve the interests of stockholders and other stakeholders with the highest standards of responsibility, integrity and compliance with all laws. These standards are guided by our board of directors and global management team, who work to oversee the company’s actions, performance and governance policies. ➢ ➢ Announced that it is aligning its machine product and marketing organizations to sharpen customer focus, position the company to build deep expertise in product development. ➢ A key change in the aligned structure is the creation of five end-to-end Machine Business Divisions: Mining, Quarry & Waste, Excavation, Earthmoving and Building Construction Products. ➢ The alignment also introduces three new regional Distribution Services Divisions within Caterpillar, replacing the company 's current marketing arms. They will have responsibility for Caterpillar 's total portfolio of business with each dealer, the dealer relationship, dealer development and ensuring the most efficient and effective distribution of Caterpillar machines, engines and parts. ➢ Caterpillar 's current Motion & Power Control Division will be expanded and reorganized into two new divisions; The Advanced Systems Division & The Core Components Division (engineering and supply base for hoses and tubes, filters and common components like tires, bearings, fasteners and seals)
|Caterpillar strives to make its governance standards and principles transparent. Key points and significant changes in our standards and |
|principles, as well as the overall evolution of our key governance decisions, are highlighted here. |
|Corporate Governance: Highlights |
|Our Code