Corporate governance is the system of rules, practices and processes by which a company is directed and controlled.
BioGaia is a Swedish public limited company whose class B shares are listed on the Mid Cap list of the Nasdaq OMX Nordic Exchange Stockholm. The company’s corporate governance is exercised through the General Meeting of Shareholders, the Board of Directors, the CEO and the Executive Management in accordance with the Swedish Companies Act, the Code, the Articles of Association and internal controls. The internal controls mainly comprise the Board’s rules of procedure, instructions for the CEO and a number of policy documents and manuals that contain rules and recommendations.
Swedish code of Corporate Governance
Since 1 July 2008, BioGaia complies with the Swedish code of corporate governance.