NWG // CORPORATE GOVERNANCE
N e w W a v e G r o u p
A B
( p u b
Corporate Governance l)
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.
Responsibility for management and supervision of the Group is delegated 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 2024, the company had 34,436 shareholders. The proportion of share capital owned by institutions amounted to 47 % of the capital and 13 % of the votes. Foreign investors owned 9 % of the share capital and 3 % of the votes. The ten largest owners had a total holding corresponding to 64 % of the share capital and 90 % of the votes. For further information on the owners as of 31 December 2024, please see pages 50-51.
Annual General 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 New Wave Group’ s articles of association and Swedish legislation.
2024 Annual General Meeting
The AGM for the shareholders in New Wave Group was held on 16 May 2024 in Kosta. Olof Persson was elected chairman of the meeting.
The following resolutions were passed: The AGM adopted the income statement and balance sheet, as well as the consolidated income statement and balance sheet, resolved to appropriate profits in accordance with the proposed appropriation of profits, in which dividend of SEK 3.50 per share( divided into two occasions) would take place for the financial year 2023, and discharged the Board members and CEO from liability.
ANNUAL REPORT // 041