Rise in companies deviating from Swedish governance code The Board’s 2019 Annual Report, published this week, revealed that over a third (34 per cent) of companies that apply the Code reported at least one deviation in 2018, up from 29 per cent in 2017. The Swedish Corporate Governance Board has reported a rise in the […]
Read MoreReporting of the abuse of corporate jet use by top management at Sweden’s largest companies has focused attention on the internecine links between Sweden’s top investors and largest public companies Svenska Dagbladet the Swedish newspaper has reported that Swedish forestry company SCA has been using several private jets to fly top managers and wives and […]
Read MoreLast week, in a speech at a High Pay Commission seminar, the shadow business secretary Chuka Umunna and former Business Secretary Lord Myners both put forward arguments in favour of shareholder nomination committees as a way of improving corporate governance. Rather than the current UK model whereby the Nomination Committee is made up of members of […]
Read MoreThe Swedish government has stepped in to halt incentive-based pay plan for executives at mobile phone operator TeliaSonera. At Wednesday’s AGM in Stockholm, the government used its 37 per cent stake to force through changes to the company’s pay structure which aims to see directors paid a basic salary only. A proposal that executives should receive only a fixed […]
Read MoreNäringslivets Börskommitté (NBK), the Swedish Industry and Commerce Stock Exchange Committee, has completed a review of the Swedish takeover rules which apply to regulated markets in Sweden (Nasdaq OMX Stockholm and Nordic Growth Market). Draft revised rules were published in June, with the final draft being submitted to the NASDAQ OMX. Of most interest are […]
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