Corporate Governance

The task of corporate governance is to ensure the company’s commitments to all its stakeholders: shareholders, customers, suppliers, creditors, society, and employees. Good and sound corporate governance ensures that the company is run as responsibly, efficiently, and sustainably as possible in the interests of the shareholders. Good corporate governance creates order and system for the Board of Directors and management and contributes to increased trust and confidence among existing and potential stakeholders.

Nordisk Bergtekniks’ corporate governance is based on Swedish regulations and Swedish legislation, primarily the Swedish Companies Act and the Swedish Annual Accounts Act, Nasdaq Stockholm’s regulatory structure for issuers, the Swedish Corporate Governance Code (“the Code”), the Articles of Association as well as other relevant internal and external regulations and policies. Nordisk Bergteknik AB (“Nordisk Bergteknik”) complies with the Swedish Corporate Governance Code and this Corporate Governance Report has been prepared as part of Nordisk Bergtekniks’ application of the Code.

The Code is based on the “comply or explain” principle, which means that a company that applies the Code may depart from individual rules but must in such case provide an explanation for the departure.

Nordisk Bergteknik reports no departures from the Code in 2021. The company’s auditors have made a statutory examination of this corporate governance report. No violations of applicable stock market rules or of generally accepted practice in the stock market were reported with respect to Nordisk Bergteknik by Nasdaq Stockholm’s Disciplinary Committee or the Swedish Securities Council in 2021.

Nordisk Bergteknk’s corporate governance functions can be described in the below model.

Corporate Governance scheme - Nordisk Bergteknik