Corporate governance

Nobia applies the Swedish Code of Corporate Governance which companies listed on the NASDAQ OMX in Stockholm are obligated to apply. Nobia complies with the Code with one exception, which is the regulation that a Board member may not be the Chairman of the Nomination Committee. The reasoning behind this deviation is that the largest shareholder, in terms of the number of votes, should naturally lead the work of the Nomination Committee.

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 2008 amounted to SEK 58,430,237 divided between 175,293,458 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.