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Sweden

EU

The Swedish Corporate Governance Code

Applicable to

Gender

Yes

Minorities

LGBTQ+

Veterans

Key requirements

With a "Comply or Explain" model, the code not specifically mention gender, but states that the board of directors shall be composed so that it "sufficiently reflects the competence and expertise required to govern a listed company and to comply with the obligations of such a company."

Scope

As of 2008, the target group for the Code is all companies whose shares or depositary receipts are listed on a regulated market in Sweden. At present, there are two regulated markets in Sweden, Nasdaq Stockholm and NGM Equity.

Penalties

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