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Solid corporate governance forms the foundation of our business

To establish a reliable relationship with shareholders, employees, and other stakeholders, a robust corporate governance structure is key. In addition, it is also crucial to ensure Orexo is managed responsibly, and in compliance with applicable laws, regulations, and best practices governing the company's operations.

Orexo is a Swedish public company, with its registered office in Uppsala, Sweden. The company’s shares are listed on Nasdaq Stockholm´s main list under the symbol ORX and as an American Depositary Receipts (ADRs) traded on OTCQX market place under the symbol ORXOY. Corporate Governance in Orexo is established 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. The governance, management and control of Orexo are divided between the General Meeting of Shareholders, the Board of Directors and the President.

Governance structure

Regulation and policy framework

  • Swedish Companies Act
  • Regulations governing external reporting, such as the Accounting Law and the Annual Report Law
  • Nasdaq Stockholm rules for Issuers
  • OTCQX rules for companies trading ADRs on OTCQX
  • Swedish Code of Corporate Governance (the Code, www.bolagsstyrning.se)

  • 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
  • Business Compliance and Ethics code
  • Finance policy
  • IR policy
  • IT policy
  • HR guidelines

Remuneration principles

For information about Orexo’s existing incentive program, view the annual report for 2023, note 10 and 24.