Good corporate governance is a prerequisite for maintaining confidence among shareholders, the financial markets, and other external stakeholders.
Corporate governance describes how rights and responsibilities are distributed among Bufab´s corporate bodies according to applicable laws, rules and processes:
- The shareholders exercise their decision-making rights at the General Shareholder Meetings.
- The Board of Directors is ultimately responsible for the organization of Bufab and the management of its operations.
- The CEO, appointed by the Board of Directors, is responsible for the day-to-day management of Bufab in accordance with instructions from the Board.
- The external auditor of Bufab is elected by the General Shareholder Meeting.
Bufab AB (publ) is a Swedish public limited liability company. Since the listing on Nasdaq Stockholm, as of February 21, 2014, the company complies with the Swedish Corporate Governance Code (the “Code”). The Code applies to all Swedish companies with shares listed on a regulated market in Sweden and shall be fully applied from the first annual shareholders´meeting held the year following the listing. The Company is not obliged to comply with every rule in the Code as the Code itself provides for the possibility to deviate from the rules, provided that any such deviations and the chosen alternative solutions are described and the reasons therefore are explained in the corporate governance report (the so-called “comply or explain principle”).