Corporate governance

 

ADDvise Group AB is a Swedish public limited company with its registered office in Stockholm. The shares are listed on Nasdaq First North Growth Market. ADDvise Group’s corporate governance is, in addition to what follows Swedish law, Nasdaq First North rules. ADDvise also strives to comply with the Swedish Code of Corporate Governance.

 

Governance, management, and control of the Company are distributed between its shareholders, the Board of Directors, the CEO and Group Management in accordance with applicable laws, rules, recommendations and ADDvise’s internal guidelines.

Corporate governance ensures that a company is managed in a sustainable, responsible, and efficient manner. Good corporate governance means a clear division of responsibilities, transparency towards the owners and the market, as well as effective management and control of the Group’s operations. This is done to ensure that the company follows set goals, legislation and other regulations. This also contributes to maintaining confidence in the company among existing and potential investors as well as other stakeholders in the financial markets.

 

ADDvise is not obliged to comply with the Swedish Code of Corporate Governance (the Code) but chooses to meet the requirements in accordance with the Swedish Code of Corporate Governance.

 

Allocation of responsibilities

Governance, management, and control of the Company are distributed between the shareholders, the Board of Directors, the CEO and Group Management in accordance with applicable laws, rules, recommendations and ADDvise´s internal guidelines.

 

The Annual General Meeting is the Company’s highest decision-making body where the shareholders exercise their voting rights. The Board and the Chairman of the Board are elected by the Annual General Meeting on the proposal of the Nomination Committee. The Board appoints the CEO. The Board of Directors’ and the CEO’s administration and the company’s financial reporting are reviewed by the external auditor appointed on the Annual General Meeting. The overriding internal control instrument is the articles of association adopted by the meeting. For the work of the Board and the CEO, the Board has adopted rules of procedure and instructions. In addition, ADDvise has adopted internal governing documents that clarify routines and the distribution of responsibilities and powers in important relevant areas.