Corporate governance

The corporate governance bodies of AddLife is the General Meeting, the Board of Directors, the CEO and the auditors. The shareholders elect at the Annual General Meeting a Board of Directors and its Chairman. The Board of Directors appoints a CEO and a deputy CEO. The auditors shall on behalf of the General Meeting audit the accounts as well as the Board of Directors and CEO management during the financial year.

AddLife is a Swedish public limited company governed by Swedish law, primarily by the Swedish Companies Act. The Company’s shares are listed on Nasdaq Stockholm from March 16, 2016, and the Company does also comply with Nasdaq Stockholm’s Rule Book for Issuers and the Code. The Code applies to all Swedish companies whose shares are listed on a regulated market in Sweden. The Code is part of the self-regulation by the Swedish business community and is based on the principle of “comply or explain”. This means that companies are not obliged to apply every rule in the Code, but are allowed the freedom to choose alternative solutions provided that the reasons for any deviation is explained.

In addition to legislation, regulations and recommendations, the basis for the governance of the Company’s operations are the Articles of Association. The Articles of Association state, inter alia, the seat of the Board of Directors, the business orientation, limits for share capital and number of shares, as well as the conditions for participation at General Meetings.

In this section, Corporate Governance, AddLife presents the work with corporate governance issues.