Corporate governance for Karo Bio is based on Swedish law, primarily the Swedish Companies Act, the Listing Agreement with the Stockholm Stock Exchange and the rules and recommendations issued by relevant Swedish organizations

In December 2004, a Swedish Code of Corporate Governance (the Code) was presented. According to the Listing Agreement with the Stockholm Stock Exchange, companies listed on the A-list and larger companies on the O-list (market capitalization exceeding 3 billion SEK) are to implement the Code beginning July 1, 2005. Since Karo Bio’s market capitalization does not exceed the threshold, Karo Bio does not explicitly follow the Code.

Narratives and documents in relation to corporate governance are to be found in this section of the website

The Annual General Meeting of the Shareholders (AGM) is Karo Bio’s highest decision-making body. The Annual General Meeting is to be held not more than six months after the close of the financial year. The annual report including the financial statements for the preceding year is approved by the General Meeting. Board of Directors and auditors are elected at the General Meeting and other statutory matters are addressed. Between General Meetings, the Board of Directors is the company’s highest decision-making body. The Board appoints a President to head the management of the company.