Corporate governance report
Securitas AB is a Swedish public company with its registered office in Stockholm, Sweden. Securitas AB, which has been listed since 1991 on the Nasdaq Stockholm, is governed by the Swedish Companies Act and Swedish stock exchange rules.
Securitas Approach to Corporate Governance
Securitas’ structure for corporate governance aims to ensure that the Securitas Group is run sustainably, ethically, responsibly and as efficiently as possible with the shareholders of Securitas best interests at heart. Securitas believes that good corporate governance is a prerequisite to ensure continued organic growth, improvement of operating margins and a successful integration of companies in the Group.
Framework - Swedish Code
The Swedish Code for Corporate Governance entered into force as of July 1, 2005. Subsequent to this the Code has been revised and its application broadened.
The rules represent an addition mainly to the provisions in the Swedish Companies Act on a company's organisation, but also to the relatively extensive self regulation that exists in the area of Corporate Governance. The code is based on the principle 'comply or explain'. Under this principle a company following the Code may depart for individual rules; however, in that event it must provide an explanation stating the reason for each departure reported.