General Meeting
Shareholders’ rights to decide on the affairs of ASSA ABLOY are exercised at the General Meeting.
Corporate Governance
The shareholders of ASSA ABLOY AB (Reg. No. 556059-3575) are hereby invited to attend the Annual General Meeting to be held on Wednesday 23 April 2025 at 3.30 p.m., at 7A Posthuset, Vasagatan 28, 111 20 Stockholm, Sweden.
ASSA ABLOY AB is a Swedish public limited liability company with registered office in Stockholm, Sweden, whose Series B share is listed on Nasdaq Stockholm. ASSA ABLOY’s corporate governance is based on the Swedish Companies Act, the Annual Accounts Act, the Nasdaq Nordic Main Market Rulebook for Issuers of Shares, the EU Market Abuse Regulation, and the Swedish Corporate Governance Code (the Code) (www.bolagsstyrning.se), as well as other applicable external laws, rules and regulations, and internal rules and regulations.
The 2024 Corporate Governance Report has been prepared as part of ASSA ABLOY’s application of the Code. ASSA ABLOY had no deviations from the Code in 2024.
The Corporate Governance Report is examined by ASSA ABLOY’s auditor.
Nomination Committee
The Nomination Committee has the task of preparing, on behalf of the shareholders, among other things, proposals to the Annual General Meeting regarding the election of the members of the Board of Directors and the election of the auditor as well as their fees.Board of Directors
The Board of Directors is responsible for the organization and administration of ASSA ABLOY and for ensuring satisfactory control of bookkeeping, asset management and other financial circumstances.Executive Team
See the members of the Executive Team.Organization
ASSA ABLOY’s operations are decentralized. Operations are organizationally divided into five divisions: EMEIA, Americas, Asia Pacific, Global Technologies and Entrance Systems.Auditor
ASSA ABLOY’s auditor is appointed at the Annual General Meeting.Internal control – financial reporting
ASSA ABLOY’s internal control process for financial reporting is designed to provide reasonable assurance of reliable financial reporting, which is in compliance with generally accepted accounting principles, applicable laws and regulations, and other requirements for listed companies.Remuneration
The guidelines for remuneration to senior executives and remuneration reports are available here.
Corporate Governance structure
Corporate Governance structure
Shareholders’ rights to decide on the affairs of ASSA ABLOY are exercised at the General Meeting. The Annual General Meeting should be held within six months of the end of the company’s financial year. Matters considered at the Annual General Meeting include: dividend; adoption of the income statement and balance sheet; discharge of the members of the Board of Directors and the CEO from liability; election of members of the Board of Directors, Chairman of the Board of Directors and auditor; and fees for the Board of Directors and auditor.
The 2023 Annual General Meeting adopted the current instructions for the Nomination Committee, comprising a procedure for appointing the Nomination Committee, which apply until further notice. According to the instructions, the Nomination Committee shall be composed of representatives of the five largest shareholders in terms of voting rights registered in the shareholders’ register maintained by Euroclear Sweden AB as of 31 August the year before the Annual General Meeting. Where a shareholder declines to participate in the Nomination Committee, a representative from the largest shareholder in turn shall be appointed. If a member resigns from the Nomination Committee before the work is completed and the Nomination Committee finds it suitable, a substitute shall be appointed. Such a substitute shall be appointed from the same shareholder or, if that shareholder no longer is among the largest shareholders in terms of voting rights, from the largest shareholder next in turn. The Nomination Committee has the task of preparing, on behalf of the shareholders, proposals regarding among other things the election members of the Board of Directors and auditor as well as fees to the Board of Directors.
The Board of Directors consists of eight members elected and two employee representatives, together with two deputies, appointed by the employee organizations in accordance with Swedish law.
The Board of Directors is responsible for the organization and administration of the Group and for ensuring satisfactory control of bookkeeping, asset management and other financial circumstances. The Board of Directors has a Remuneration Committee and an Audit Committee. The purpose of these Committees is to deepen and streamline the work of the Board of Directors and to prepare matters in these areas.
The CEO is responsible to the Board of Directors for the day-to-day management of the company. The Executive Team consists of the CEO, the Heads of the Group’s divisions, the Heads of the business units HID, Global Solutions, Opening Solutions Greater China and South East Asia and Opening Solutions Pacific and North East Asia, the Chief Financial Officer and the Chief Human Resources Officer.
ASSA ABLOY’s operations are decentralized. Operations are organizationally divided into five divisions: EMEIA, Americas, Asia Pacific, Global Technologies and Entrance Systems.
ASSA ABLOY’s auditor is elected by the Annual General Meeting.
Corporate Governance Reports
Auditor's Reports
Articles of Association
Related links
General Meeting
Shareholders’ rights to decide on the affairs of ASSA ABLOY are exercised at the General Meeting.Board of Directors
The Board of Directors is responsible for the organization and administration of ASSA ABLOY and for ensuring satisfactory control of bookkeeping, asset management and other financial circumstances.