Corporate governance

Karo Bio applies The Swedish Code of Corporate Governance (”the Code”). Narratives and documents in relation to corporate governance are to be found in this section of the website.

The deviations from the Code that the company has chosen to make receive specific commentary in the appropriate section of the Corporate Governance Report. The Corporate Governance Report has not been reviewed by the company’s auditor.

The highest decision-making body is the general meeting of shareholders, where the shareholders exercise their influence in the company. Each share is associated with one vote. The annual general meeting shall be held within six months of the end of the financial year. At the annual general meeting, the shareholders adopt resolutions regarding such matters as the election of the members of the Board of Directors and, where appropriate, the auditors, the manner of appointment of the Nomination Committee and discharge from responsibility for the members of the Board of Directors and CEO for the last year. Resolutions are also adopted regarding the preparation of the financial statements, the allocation of profit, the fees for the Board of Directors and auditors and guidelines for remuneration to the President and other members of executive management.