Corporate Governance
PostNord’s corporate governance is governed by the Swedish Companies Act, the Swedish Code of Corporate Governance, PostNord’s Articles of Association, Nasdaq's regulations for issuers, the Swedish State Ownership Policy and principles for state-owned enterprises, internal policy documents and other applicable rules and recommendations. Any deviations from the Swedish Code of Corporate Governance are reported annually in PostNord’s Corporate Governance Report.
Ownership structure
PostNord’s governance structure is briefly summarized below. A complete description can be found in PostNord’s latest Corporate Governance Report.
Governance structure
The highest decision-making bodies within PostNord are:
- The Annual General Meeting.
- The Board of Directors.
- The President and Group CEO assisted by Group Leadership Team
The Annual General Meeting is PostNord’s ultimate decision-making body. The AGM appoints the Chairman of the Board and the other Board members, appoints the auditor, resolves on how to distribute the company's earnings and other matters as set out in legislation and the company's Articles of Association.
The Board of Directors holds overall responsibility for the organization and administration of PostNord through continuous monitoring and control of the operations. The Chairman of the Board leads the Board’s work and the Audit and Compensation Committees assist the Board in its responsibilities.
PostNord’s President and CEO is responsible for and manages the day-to-day operations of the group based on the Board’s guidelines and instructions. The President and CEO is assisted by the Group Leadership Team.
PostNord’s auditor is appointed by the AGM and is responsible for the audit of the Annual and Sustainability Report and Consolidated Financial Statements, the Board’s and CEO’s administration and the annual reports of subsidiaries. PostNord’s internal audit function evaluates the company’s internal governance and control.
