The governance of Concordia Maritime is based on the Swedish Companies Act and Nasdaq OMX Stockholm’s regulations, including the Swedish Corporate Governance Code (“the Code”) and other applicable Swedish and foreign laws and regulations.
We apply the Swedish Corporate Governance Code and the Annual Accounts Act. The Corporate Governance Reports have been prepared as part of the application of the Code. The Swedish Corporate Governance Code is available at www.corporategovernanceboard.se. Certain disclosures required under section 6 (3), Chapter 6, of the Swedish Annual Accounts Act can be found in the Board of Directors’ Report in the annual report.
Application of the Code
Concordia Maritime applies the Swedish Corporate Governance Code. The Corporate Governance Reports have been prepared as part of the application of the Code. In addition to the description of corporate governance, there is also a summary description of how the operational control of day-to-day activities is carried out. The 2014 report has been reviewed by the Company’s auditors and there are no derogations from the code.
In the Corporate Governance Report in the Annual Report you can read more about the principles for Concordia Maritime's corporate governance and the operational control of day-to-day activities.