Ovzon is a Swedish public limited liability company controlled by the general meeting of shareholders, the board of directors, the CEO and other members of the executive management.
The corporate governance of the Company is based upon Swedish law, mainly the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)) and the Swedish Annual Accounts Act (Sw. årsredovisningslagen (1995:1554)).
As a company listed on Nasdaq First North Premier, the Company must also comply with the Nasdaq First North Nordic – Rulebook as well as statements by the Swedish Securities Council (Sw. Aktiemarknadsnämnden) regarding good stock market practice on the Swedish securities market.
Companies listed on First North Premier must not follow the Swedish Code of Corporate Governance (“Code”). Therefore, Ovzon does not intend to follow the Code initially. However, due to a change in rules, Ovzon will need to follow the Code by 1 July 2019.