Corporate Governance

• General information
• General Meetings
• Articles of Association
• Auditor
• Board of Directors and Senior Executives
• Nomination committee

Corporate Governance

General INFORmation

Management and control of the Sectra Group is divided between the shareholders, the Board of Directors and the President.

Swedish Code of Corporate Governance

Sectra applies the Swedish Code of Corporate Governance (“the Code”). The principles of the Code are available on the Swedish Corporate Governance Board’s website at www.bolagsstyrningskollegiet.se.

Corporate Governance Report

The Corporate Governance Report are prepared in accordance with the rules of the Code and the application instructions stipulated in Swedish legislation and the Code itself. The 2010/2011 Corporate Governance Report was prepared as a separate document from the Annual Report and the audit report enclosed therein.

In cases in which Sectra’s work method or information disclosure has deviated from the Code’s rules, explanations are presented in the Corporate Governance Report.

The Corporate Governance Reports for download (pdf)

Fiscal year 2010/2011

• Corporate Governance Report 2010/2011
• Bolagsstyrningsrapport 2010/2011

The authorized public accountant’s statement regarding the Corporate governance report for download (pdf):

• Authorized public accountants statement 2011
• Revisorns yttrande över styrelsens bolagsstyrningsrapport 2011

Fiscal year 2009/2010

• Corporate Governance Report 2009/2010
• Bolagsstyrningsrapport 2009/2010

The authorized public accountant’s statement regarding the Corporate governance report for download (pdf):

• Revisorns yttrande över styrelsens bolagsstyrningsrapport 2010

Governance structure

 

 

At the Annual General Meeting (AGM) shareholders exercise their voting rights to make decisions concerning the make up of the Board and other central issus in accordance with Swedish corporate legislation and Sectra´s Articles of Association.

The propositions presented for approval by the Annual General Meeting regarding election and fee matters are submitted by the company’s Nomination Committee, whose members are appointed in accordance with the decision of the Annual General Meeting.

The Group's Board of Directors decide on issues concerning major investments and matters concerning the Group's strategic orientation and its organisation.

The Chairman of the Board leads the activities of the Board and is responsible for ensuring that the other Board members regularly receive the information necessary to ensure that the quality of the Board's activities is maintained, and that they are conducted in compliance with the Swedish Companies Act.

The President and Chief Executive Officer, appointed by the Group's Board, upholds the operative control of the Sectra Group. The President provides the Board members monthly with the information needed to monitor the status of the Company and the Group and keeps the Chairman of the Board informed about the operations on an ongoing basis.

The Senior Executives deals with Group-related issues in addition to operative matters related to the business areas.