Monday, April 11, 2005

OMX Exchanges: Stockholm Stock Exchange Adopts the Swedish Code of Corporate Governance

On a press briefing today, the Swedish Association of Exchange Listed Companies and the Stockholm Stock Exchange will present the adaptation of the Swedish Code of Corporate Governance for the listed companies. The Swedish Association of Exchange Listed Companies and the Stockholm Stock Exchange have agreed to incorporate the Swedish Code of Corporate Governance into the Stockholm Stock Exchange's rules. The decision means that initially the code will apply to all Swedish companies on the A List and Swedish companies on the O List with a market capitalization exceeding SEK 3 billion. The affected companies should apply the code as soon as possible after July 1, 2005, and it must be fully implemented prior to the Annual General Meetings in 2006.

See full Article.