CORPORATE GOVERNANCE STRUCTURE

Good corporate governance, risk management and internal control are central parts of a successful business and decisive for a company’s ability to uphold the trust of its stakeholders. Industrivärden has high ambitions for its corporate governance.

Industrivärden’s governing bodies are the general meeting, the Board of Directors, the CEO and the auditor. At the permanent general meeting, which is held within six months after the end of the fiscal year (Annual General Meeting), the shareholders elect the Board of Directors and auditor. The Board of Directors appoints the CEO. The auditor reviews the annual report and the Board’s and CEO’s administration. The Nominating Committee is tasked with recommending board members, the Chairman of the Board and the auditor for election at the Annual General Meeting. Industrivärden applies the Swedish Corporate Governance Code (the Code), which is available at www.bolagsstyrning.se. The Corporate Governance Report pertains to the 2017 fiscal year and has been reviewed by the Company’s auditor. During 2017 Industrivärden did not have any departures from the Code.