Corporate governance practices define the decision-making systems and structure through which owners directly or indirectly control a company. In a stock corporation like ÅF AB, authority, management and control are distributed between the shareholders, the board of directors and the CEO and management group.
Corporate governance practices in Sweden are regulated by Swedish law, primarily the Swedish Companies Act, the Listing Agreement of the Stockholm Stock Exchange and the rules and recommendations issued by relevant Swedish organizations, such as the Swedish Code of Corporate Governance.