Corporate Governance

Mekonomen Group comprises approximately 190 companies that conduct business operations primarily in Denmark, Finland, Norway, Poland and Sweden. The Parent Company of the Group is the Swedish public limited liability company Mekonomen AB, whose shares are listed on the Nasdaq Stockholm.

Mekonomen Group’s corporate governance concerns how the operations are governed, managed and controlled in order to create value for the company’s shareholders and other stakeholders. The aim of corporate governance is to create the conditions for active and responsible company bodies, to clarify roles and segregation of responsibilities and to ensure true and fair reporting and information.

Mekonomen Group applies the Swedish Code of Corporate Governance in a manner that is described in detail in the annual Corporate Governance report. In 2018, the company reports the following deviations from the Code:

  • Deviation from the Code (rule 2:4): According to the Code, a Board member shall not be the Nomination Committee’s chairman.
  • Explanation: Chairman of the Board John S. Quinn is also the chairman of the Nomination Committee as it is a natural choice considering the ownership structure of Mekonomen.

Both internal and external regulations are used as a foundation for the governance of Mekonomen Group:

External regulations

Swedish Companies Act
Annual Accounts Act
Other relevant laws
Nasdaq Stockholm AB’s Rule book for issuers
Swedish Corporate Governance Code (the Code)
EU Market Abuse Regulation (MAR)

Internal regulations

Articles of Association
Board’s and committees’ rules of procedure
Board’s instruction for the President
Policies, guidelines and instructions
Code of Conduct and Core Values

Swedish Code of Corporate Governance

Information on the Swedish Code of Corporate Governance is available on the website for the Swedish Corporate Governance Board www.bolagsstyrning.se

Foreign investors can also find Special Features of Swedish Corporate Governance on this website. (Under the writing: “Special Features of Swedish Corporate Governance”)