Hexatronic’s corporate governance practices are based on Swedish legislation, in particular the Swedish Companies Act, the NASDAQ OMX Stockholm AB Rule Book for Issuers and the Swedish Code of Corporate Governance (the “Code”) and other applicable laws, regulations and recommendations, as well as the Articles of Association, internal steering documents and policies.
The Annual General Meeting is Hexatronic’s highest decision-making authority and is the forum where Hexatronic’s shareholders exercise their influence.
The Nomination Committee shall promote the interest of all shareholders and shall prepare proposals for the Annual General Meeting regarding the Chairman of the Meeting, number of Board members, fees to be paid to each of the Board members, election of Board members and Board Chairman.
The external auditor is appointed by the AGM and audits the Board and the CEO’s administration of the company.
On behalf of Hexatronic’s owners, the Board supervises the management of the company’s affairs. The Board is headed by the Chairman Magnus Nicolin. To further improve the Board’s work, it has established an Audit Committee and a Remuneration Committee. The Board appoints the CEO who is responsible for the day-to-day management of the group. The division of responsibilities between the Board and CEO is specified in the Rules of Procedures and the CEO Instructions that are approved by the Board each year.
Internal policies and instructions constitute important control documents in all parts of the company and clarify responsibilities within areas such as compliance and risk.
The purpose of Hexatronic Group’s corporate governance is to create a good decision making system and a proper distribution of responsibilities between the different company bodies, with the purpose of driving growth and good governance.
