Corporate Governance report and internal control 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 is committed to meeting high standards of Corporate Governance. To meet high standards of corporate governance, Securitas has created a clear and effective structure for responsibility and governance. Securitas' governance not only serves to protect stakeholder's interests, but also ensures value creation.
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.