The Swedish code of corporate governance

ASSA ABLOY has adopted the Swedish Code of Corporate Governance, which has formed part of the rules of the Stockholm Stock Exchange since 1 July 2005.
 
The Code, which is based on self-regulation using the ‘comply or explain’ principle, deals mainly with the organization and working procedures of a company’s Annual General Meeting, Board of Directors and management, and the interaction between the three. The subjects covered include rules for the appointment of the Board and the Auditor, the Board’s responsibility for internal control, processes for setting the remuneration of the company management, and information about corporate governance.