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CORPORATE
GOVERNANCE

Corporate Governance

General

RaySearch is a Swedish public limited liability company with its registered office in Stockholm, and the company’s class B shares have been admitted to trading on Nasdaq Stockholm. This means that RaySearch’s corporate governance is based on Swedish legislation, primarily the Swedish Companies Act, the Swedish Annual Accounts Act and applicable EU regulations and on the rules and practices which apply for companies listed on Nasdaq Stockholm and the Swedish Corporate Governance Code. In addition to the external regulatory framework, there is an internal framework with a number of group-wide governing documents, of which the most important are the Articles of Association as adopted by the General Meeting, the Board’s rules of procedure and the Board’s instructions for the CEO. In addition, there is a large number of internal policies, instructions and delegations that clarify responsibilities and powers within various areas.

 

General meetings

The General Meeting is the company’s supreme decision-making body. The Annual General Meeting is to be held within six months of the end of the fiscal year to resolve on matters including adoption of the income statement and balance sheet, and the allocation of profit. Shareholders who wish to have a matter addressed at the meeting must send in a written request to the Board of Directors. Such a request should normally be received by the Board of Directors seven weeks before the meeting, at the latest.

For further information on the corporate governance in RaySearch, please see previous reports to the right on this page.

Auditors

At the Annual General Meeting 2019, the Meeting decided to appoint the auditing firm Ernst & Young as auditors, with the authorized public accountant Anna Svanberg as auditor in charge.

Incentive Programs

At present the company has no stock-related incentive programs.