The objectives of Axactor is to create and perform sound, sustainable, responsible and competitive business – creating long-term value and returns for our stakeholders. To effectively achieve such objectives and to have a well-run business, we believe that effective corporate governance is indispensable. In Axactor, such governance form the foundation of our business. Accordingly, Axactor sets clear responsibilities and expectations for our leaders, employees and partners through governance. This enable us to operate efficiently as well as having the necessary oversight and control. Effective corporate governance further allows us to work smoothly by ensuring that everyone has a clear understanding of the distribution of roles, responsibilities, rights and accountability. Corporate governance in Axactor complies with formal regulations and generally accepted best practice.
Axactor AB is a public limited company organized under Swedish law. Our governance structure is also based on Norwegian corporate law. Our primary listing is on the Oslo stock exchange and subject to Norwegian securities legislation and stock exchange regulations.
What is corporate governance?
Corporate governance is a system of rules, practices and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests of all the stakeholders of a company, such as shareholders, management, customers, suppliers, financiers and government. Since corporate governance also provides the framework for attaining a company's objectives, it encompasses practically every sphere of management, from action plans and internal controls to performance measurement and corporate disclosure.
Our Board of Directors actively adheres to good corporate governance standard. The topic of corporate governance is subject to regular assessment and discussion by the board.
The Board’s report on Corporate Governance for 2016 is included from page 76 in Axactor’s annual report.