Corporate governance
Human Care HC AB's corporate governance is based on Swedish legislation, particularly the Swedish Companies Act, the Stockholm Stock Exchange listing agreement, and the rules and recommendations issued by the appropriate organisations, such as the Swedish Industry and Commerce Stock Exchange Committee.
Code of corporate governance
In December 2004, a Swedish code of corporate governance was proposed. The market value of Human Care is below the limit that requires the group to apply to the code. Human Care and its board and management already use working practices, working methods and ways of issuing information which largely comply with the requirements of the Swedish code and which apply to large companies listed on the Stockholm Stock Exchange. However, Human Care has chosen to deviate from the Swedish code within a number of areas - which is in line with the rules of the Stockholm Stock Exchange - since Human Care is not classed as a large company and is not therefore obliged to follow the code or explain any deviations from the code.
The areas in which Human Care has not currently chosen to follow the code are:
- The ability to participate in general meetings remotely and interpretation from Swedish at general meetings, in view of the low proportion of foreign shareholdings.
- Issuing reports on internal control in terms of financial reporting and auditing these reports.
- Issuing corporate governance reports and auditing these reports; Human Care does however issue all the important information which such reports would contain, but in other locations or other ways such as in its annual report or on its website.