Corporate governance

Nobia applies the Swedish Code of Corporate Governance which was introduced on 1 July 2005. Nobia follows the Code with one exception with regard to audit committees; internal-control issues are addressed by the Board in its entirety. The purpose of this is to ensure that individual members are not isolated from these issues.

Work performed by the Board on audit and internal-control issues is regulated by the Board’s rules of procedure and is described in more detail in the following pages and in the annual report.

Nobia’s Articles of Association regulate the object of the operations, share capital and how and when notification of the Annual General Meeting is to take place. Click here to read the full text of the Articles of Association.

The share capital in Nobia AB on 31 December 2007 amounted to SEK 58,148,035 divided between 174,444,510 shares in one class of share. The par value is SEK 0.33 per share. All shares entail equal rights to a share in the company’s assets and profits.