Orexo is a Swedish public limited liability company, with its registered office in Uppsala, Sweden. The company’s shares are listed on Nasdaq (Mid Cap) Stockholm under the symbol ORX and with American Depositary Receipts (ADRs) traded on OTCQX under the symbol ORXOY. Corporate Governance in Orexo is based on applicable laws, rules and recommendations such as the Swedish Code of Corporate Governance (“the Code”), Orexo’s articles of association and internal regulations and guidelines. The aim of corporate governance at Orexo is to create a clear division of roles and responsibilities between shareholders, the Board of Directors and Management. Internal governance, control and risk management concerning financial reporting are fundamental factors in Orexo’s business control.

Corporate Governance Structure

 

The governance, management and control of Orexo are divided between the General Meeting of Shareholders, the Board of Directors and the President.

Examples of external regulations influencing corporate governance

The Swedish Corporate Governance Code

Swedish Company Act

Accounting Law

The Annual Report Law

Nasdaq Stockholm Rules for Issuers

OTCQX Rules for Companies trading ADRs on OTCQX

Examples of internal rules of significance for corporate governance

  • Articles of Association
  • Formal work plan for the Board of Directors (including terms of reference for Board Committees)
  • Terms of reference for the President
  • Guidelines for remuneration of senior executives
  • Finance policy
  • IT policy
  • Financial guidelines
  • HR guidelines
  • Code of Conduct

Corporate Governance Reports

The Corporate Governance Reports shown below include information about the work of the Nomination Committee, the Board and the various committees, as well as information on remuneration.