Corporate governance describes how rights and obligations are distributed amongst the company’s various corporate bodies in accordance with applicable legislation, regulations and internal processes. Corporate governance also identifies the systems for decision-making and the structure through which the owners, directly or indirectly, control the company. Sound corporate governance generates the values which benefit all interested parties.
Balco is a Swedish company listed on Nasdaq Stockholm. The corporate governance of the Company is based on Swedish law, internal rules and regulations, Nasdaq Stockholm’s Rules for Issuers and the Swedish Code of Corporate Governance (the Code). The Code applies to all Swedish companies whose shares are listed on a regulated market in Sweden.