Corporate governance is the system of rules, practices and processes by which a company is directed and controlled. Coloplast’s values are consistent with the principles of good governance as laid out by The Danish Committee on Corporate Governance recommendations. The Danish Committee on Corporate Governance has defined corporate governance as follows:
"The goals, according to which a company is managed, and the major principles and frameworks which regulate the interaction between the company's managerial bodies, the owners as well as other parties, who are directly influenced by the company's dispositions and business (in this context jointly referred to as the company's stakeholders). Stakeholders include employees, creditors, suppliers, customers and the local community".