Corporate Governance Report

The corporate governance of AQ Group AB (publ.) involves ensuring that the company is managed in a way that is as efficient as possible for the shareholders through a combination of written rules and practice. AQ Group AB complies with applicable aspects of the Swedish Code of Corporate Governance, which applies to Swedish companies whose shares are traded on a regulated market (NASDAQ OMX).

The principle of the Code is to comply or explain. AQ Group deviates from the code in the following instances:

• Nomination committee: according to the Code, this shall consist of a majority of non-Board members and no more than one of the members of the nomination committee may be dependent on the company’s major shareholders. AQ’s biggest shareholders have taken the view that the company’s ownership structure, with two owners between them holding approximately 60% of the shares in the company, is best served in the nomination committee by these owners together with other shareholders.

• The Corporate Governance Report has not been prepared or reviewed on the basis of legal requirements since AQ has not been covered by the requirements of companies traded on a regulated market. AQ has presented the Corporate Governance Report standalone in the Annual Report outside the formal parts covered by the audit, with the note that it is not audited. It can be found on page 58 of the printed annual report 2015 under Deviations from the Code.

Corporae Governance Reports from previous years can be found here.