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Nederman Holding AB (publ) is a Swedish public limited company with its registered office in Helsingborg, Sweden. Nederman is listed on the OMX Nordic Exchange Stockholm on the Small Cap list 2007.
Governance of the Nederman Group takes place via the Annual General Meeting, the board of directors and the Chief Executive Officer, as well as Nederman’s executive management team, in accordance with the Swedish Companies Act, other rules and regulations, the Articles of Association, and the rules of procedure for the board of directors, among other things.
Considering Nederman’s group structure, the composition of the board of directors in operating subsidiaries, often with representatives from the executive management team, constitutes yet another share of governance for the Group.
With effect from 1 July 2008, The Swedish Code of Corporate Governance shall be applied to all firms on the Nasdaq OMX Stockholm AB. In the past this only applied to companies with a market capitalisation exceeding SEK 3,000 m. Certain parts of the Code will not be applicable until the first Annual General Meeting, after which the new regulations come into force.
Considering that Nederman’s market capitalisation is substantially less than SEK 3,000 m the Company has chosen to hold off on applying the code in its entirety. However, Nederman already uses several of the procedures that the code prescribes in order to benefit the shareholders’ opportunities for corporate governance.
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