Departures from the Swedish Code of Corporate Governance - Vattenfall.de

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Departures from the Code

Vattenfall's corporate governance for the 2009 financial year departs from the requirements stipulated in the Swedish Code of Corporate Governance on the following points.

Code requirement Description Chosen solution and justification
1.4 Chairman to preside over the Annual General Meeting The nomination committee shall propose a person to serve as AGM chairman. Due to its ownership structure, Vattenfall has no nomination committee. Election of an AGM chairman is instead done at the AGM in accordance with the stipulations of the Swedish Companies Act. This is also in line with the Swedish state’s ownership policy.
2. Nomination committee The company shall have a nomination committee Due to its ownership structure, Vattenfall has no nomination committee. The nomination process is instead conducted in accordance with the Swedish state’s ownership policy

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Updated:
2010-08-17
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