Cavotec SA is a Swiss company listed on Nasdaq Stockholm in Sweden. The objective for Cavotec is to comply with Nasdaq Stockholm’s Rule Book for Issuers and apply the Swedish Corporate Governance Code (“the Code”), while still respecting Swiss laws and regulations applicable to a Swiss company.
The Code is a codification of best practices for Swedish listed companies based on Swedish practices and circumstances. Cavotec has decided to apply the Code, however, the Company is not obliged to comply with every rule in the Code as the Code itself provides for the possibility to deviate from the rules, provided that any such deviations and the chosen alternative solutions are described and the reasons therefore are explained in the corporate governance report (according to the so-called “comply or explain principle”).
Any deviation from the Code will be reported in the Company’s corporate governance report, which will be drawn up for each financial year and will be presented to the Annual General Meeting.