In the Swedish Corporate Governance Code, the Swedish Corporate Governance Board has broadened the group of executives to which the requirement to draw up remuneration guidelines under the Swedish Companies Act applies. This means that the remuneration guidelines to be approved by the shareholders’ meeting are also to apply to other members of the executive management than the CEO and the deputy CEO. The Board does not intend to similarly increase the number of executives that are to be included in listed companies' remuneration reports.
The responsibility for the Takeover Code, the Rules on Remuneration of the Board and Executive Management and on Incentive Programmes as well as the Recommendation on private placements was taken over by the Swedish Securities Market Self-Regulation Committee, (Sw. Aktiemarknadens Självregleringskommitté, ASK), on 1 July 2021. The rules are available at the Committee’s website, regelkommitten.se
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