Corporate governance refers to the decision making systems through which the owners, directly or indirectly, govern the company. Good corporate governance requires ensuring that decision-making processes have been defined with a clear division of responsibilities and effective controls from all corporate bodies to all levels of the organisation, to ensure that they follow the company’s strategy in unison and act in pursuance of the company’s commercial goals.
Swedish Orphan Biovitrum AB (publ) (“Sobi”) is a Swedish public limited liability company with registered office in Stockholm, listed on OMX NASDAQ Stockholm (previous Stockholms Stock Exchange).
Pursuant to its listing agreement with the OMX NASDAQ Stockholm, Sobi has undertaken to observe the Swedish Code of Corporate Governance (the “Corporate Governance Code”). The Corporate Governance Code is based on the principle of “comply or explain,” meaning that a company may deviate from the provisions set forth therein, provided that each such deviation is properly explained.
The Corporate Governance Report describes Sobi’s corporate governance activities during the recent fiscal year.