New Wave Group AB Annual_report_2018_EN_HQ | Page 39

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NWG // CORPORATE GOVERNANCE
Corporate governance
New Wave Group applies the relevant rules laid down in the Swedish Code of Corporate
Governance (“the Code”) and the Swedish Annual Accounts Act. The company’s Board of Directors
has thus drawn up this corporate governance report. More information about the Code may be
found at www.bolagsstyrning.se, where there is also a description for foreign investors.
R
esponsibility for management and
supervision of the Group is dele-
gated between the shareholders at the
Annual General Meeting, the Board and
the CEO, which is done in accordance
with the Swedish Companies Act, other
legislation and regulations, applicable
rules for listed companies, the company’s
articles of association, the Board’s
internal rules of procedure and other
internal control instruments.
Shareholders
As of 31 December 2018, the company
had 13,780 shareholders. The proportion
of share capital owned by institutions
amounted to 46 % of the capital and
13 % of the votes. Foreign investors
owned 14% of the share capital and 4 %
of the votes. The 10 largest owners had
a total holding corresponding to 68 % of
the share capital and 91 % of the votes.
For further information on the owners as
of 31 December 2018, please see pages
48 - 49. New Wave Group’s articles of association
and Swedish legislation.
Annual General Meeting The AGM for shareholders of New Wave
Group was held on 16 May 2018 in Kosta.
Olof Persson was elected chairman of the
meeting.
The highest decision-making body is
the Annual General Meeting (AGM), at
which all shareholders are entitled to
participate. The AGM is entitled to make
decisions on all matters that are not in
breach of Swedish law. At the AGM the
shareholders exercise their voting rights
to make decisions on the composition
of the Board of Directors, the auditors
and other important matters such as
adoption of the company’s balance sheet
and income statement, appropriation of
profits as well as deciding to grant the
Board of Directors and the CEO discharge
from liability. This is in accordance with
2018 Annual General Meeting
The following resolutions were
passed:
The AGM adopted the income statement
and balance sheet, as well as the conso-
lidated income statement and balance
sheet, resolved to appropriate profits in
accordance with the proposed appropri-
ation of profits including a dividend of
SEK 1.70 per share to take place for the
2017 financial year, and discharged the
Board members and CEO from liability.
ANNUAL REPORT // 039