Corporate Governance

Corporate governance is about ensuring that Nordisk Bergteknik is managed in a sustainable, responsible and efficient manner. Governance supports the Group’s long-term strategies and objectives and forms the foundation for continued profitable and sustainable growth. The overall aim is to increase the value for shareholders, while at the same time maintaining confidence among shareholders and other key stakeholders.

Corporate governance

The corporate governance of the Company is based upon Swedish law, mainly the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)) and the Swedish Annual Accounts Act (Sw. årsredovisningslagen (1995:1554)). As a company listed on Nasdaq Stockholm, the Company must also comply with Nasdaq Stockholm’s Rulebook for Issuers and the Swedish Corporate Governance Code (the “Code”) (Sw. Svensk kod för bolagsstyrning) as well as statements by the Swedish Securities Council (Sw. Aktiemarknadsnämnden) regarding good stock market practice on the Swedish securities market.

Swedish code for corporate governance

The code states a higher standard for good corporate governance than the Swedish Companies Act’s minimum requirements and must be applied by all companies whose shares are admitted to trading on a regulated market in Sweden. The code thus complements the Swedish Companies Act by setting higher requirements in some areas, but at the same time enables the Company to deviate from these if in the individual case it would be considered to lead to better corporate governance (according to the principle “follow or explain”). Such deviations, as well as reasons for deviations and alternative solutions, must be reported annually in a corporate governance report. The Company will apply the Code from the time of admission to trading of the Company’s shares on Nasdaq Stockholm. The company does not expect to report any deviation from the Code in the corporate governance report for the 2022 Annual General Meeting.