Elos Medtech AB’s Board of Directors comprises six members elected by the Annual General Meeting.

In accordance with the provisions of the Swedish Companies Act, the Board establishes a work procedure each year containing instructions regarding the distribution of work within the Board, distribution of responsibility between the Board and the President and the financial reporting to the Board. During a fiscal year, in addition to the statutory meeting, the Board have six ordinary meetings. At these meetings, the Board addresses points specified for each meeting such as the current status of business, the budget, year-end financial statements and interim reports. In addition, issues such investments, structural and organizations changes are addressed.

Within the Board, there is a Remuneration Committee and an Audit Committee. The Remuneration Committee discusses and decides on remunerations to the President and to the senior executives who report directly to the President. The Audit Committee deals with questions concerning accounting, internal controls and IT security.

Corporate Governance Code

Elos Medtech AB is a Swedish limited liability company, whose Series B share is listed on the NASDAQ Stockholm AB Small Cap. Corporate governance at Elos Medtech is based on Swedish legislation and the listing agreement with NASDAQ Stockholm AB.

Elos Medtech is governed via the general meetings of shareholders, the Board of Directors and the President in accordance with the Swedish Companies Act and the company’s Articles of Association and rules of procedure.

From 1 July 2008, it is good practice in the stock market for all companies whose shares are registered for trading on a regulated market to apply the Swedish Corporate Governance Code. Such application has been introduced at Elos Medtech AB.

Nomination Committee 2017

The Nomination Committee for the Annual General Meeting 2017:
The three largest shareholders are represented by Thomas Öster, Ulf Runmarker and Bo Nilsson.
Chairman of the Nomination Committee and representative of the other shareholders are Bengt Belfrage, Nordea Investment Funds. Stig-Arne Blom, Chairman of the Board is included in the Nomination Committee.

Shareholders who wish to submit proposals to the Nomination Committee should e-mail to valberedning@elosmedtech.com or send mail to:
The Nomination Committee, Elos Medtech AB, Nya Stadens Torg 10, 531 31 Lidköping, Sweden.

For further information about the Nomination Committe see press release Elos Medtech – Nomination Committee 2017

Corporate Governance Reports

Corporate Governance Report 2015

Corporate Governance Report 2014

Corporate Governance Report 2013