Corporate Governance

Bergman & Beving's corporate bodies comprise the General Meeting of Shareholders, the Board of Directors, the President & CEO and the auditors. At the Annual General Meeting, the shareholders elect a Board of Directors and its Chairman. The Board of Directors appoints a President and Executive Vice Presidents. The Annual General Meeting commissions the auditors to examine the financial statements and the management of the Board of Directors and the President during the financial year.

Swedish Code of Corporate

Bergman & Beving applies the Swedish Code of Corporate Governance.

Bergman & Bevings corporate governance structure

The General Meeting of Shareholders is the Company’s highest decision-making body. The Board of Directors and its Chairman as well as the auditors, where applicable, are appointed by the Annual General Meeting. The Election Committee drafts motions to the Annual General Meeting regarding the composition of the Board of Directors. By order of the Annual General Meeting, it is the duty of the appointed auditors to examine the financial statements and the administration of the Board of Directors and the President & CEO during the financial year. The Board of Directors is ultimately responsible for the Company’s organisation and administration. It is also the duty of the Board to ensure that all shareholders’ interests in Bergman & Beving are provided for. The Board of Directors appoints the President & CEO and the executive vice presidents. The Audit Committee examines the procedures for risk management, governance, control and financial reporting. The Compensation Committee prepares motions concerning remuneration levels for the President & CEO as well as general incentive programmes – subject to the approval of the Board – and decides on remuneration levels for other senior management. The President & CEO and other members of Group management are responsible for the day-to-day management of Bergman & Beving.