Corporate governance refers to the decision-making systems through which the owners directly or indirectly control the company.
Corporate governance is about ensuring that CTEK 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.
Act & Rulebook
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.
Board of directors
CTEK’s board of directors currently consists of nine 9 ordinary members, including the chairman of the board, with no deputy board members, all of whom are elected for the period up until the next Annual General Meeting.Read more