Corporate Governance
Semcon is a Swedish company active on a global market. The company’s shares are quoted on the NASDAQ OMX Nordic Exchange Stockholm. Semcon has applied the regulations laid down in the Swedish Code of Corporate Governance since 1 July 2008 and hereby submits the corporate governance report for 2008.
Semcon is governed in accordance with Swedish corporate law, which means that the company’s Articles of Association are a central document. Semcon’s Articles of Association regulates the alignment of the business, share capital and how and when the notice to attend the AGM takes place. Semcon also complies with other applicable Swedish and foreign laws and regulations.
Application
Semcon applies the Swedish Code of Corporate Governance and has no deviations to report.
Nomination Committee
The Nomination Committee is the shareholders' and the Shareholders' Meeting's body for preparing the Meeting's decision in, for example, appoints.
Shareholders' Meeting
The Shareholders' Meeting is the company's highest decision-making forum. The Meeting elects the company's board and auditors.
Auditors
Auditors are elected by the Shareholders' Meeting based on the proposal of the Nomination Committee.
The Board
The Board and its Chairman is elected by the Shareholders' Meeting. The Board is responsible for the company's organization and the management of the company's affairs.
Audit committee
Semcon has decided the entire Board will carry out the audit committee’s tasks. The entire Board aims at keeping in close contact with the company’s auditors so that it can satisfactorily follow significant issues concerning the company’s accounts, reporting routines, management of company assets and internal control.
Remuneration committee
Semcon has decided that the entire Board will carry out the remuneration committee’s tasks. Members of company management will not participate in this work.
CEO and Executive Management
The CEO and Executive Management are responsible for the continuing activities of the Group.