Corporate Governance

ITAB Shop Concept AB (publ) is a public limited liability company (registration number 556292-1089) and is regulated by Swedish legislation, primarily through the Swedish Companies Act (2005:551). The Company’s shares are admitted to trading on Nasdaq Stockholm and thus the Company also applies Nasdaq Stockholm’s Rule Book for Issuers and the Swedish Corporate Governance Code (“the Code”). The Swedish Corporate Governance Code is to be applied by companies whose shares are traded in a regulated market. The Code is part of the self-regulation system of Swedish trade and industry, and is based on the “comply or explain” principle. This means that a company that applies the Code may deviate from individual rules, but is required to provide an explanation for each deviation. At present, ITAB Shop Concept does not deviate from any rules in the Code. Refer also to the Company’s Articles of Association.

ITAB Shop Concept’s corporate bodies comprise the General Meeting of Shareholders, the Board of Directors, the President & CEO and the auditors. At the Annual General Meeting the shareholders elect a Board of Directors and its chairman. The Board of Directors appoints a President and Executive Vice Presidents. The Annual General Meeting commissions the auditors to examine the financial statements and the management of the Board of Directors and the President during the financial year.