Swedish Match AB (publ) is a public Swedish limited liability company. The objective of the Company's operations, as stated in the Company's Articles of association, is to directly or indirectly conduct business relating to the development and manufacture of and trade in tobacco products, matches and lighters and to carry out other activities that are related to these businesses.
Swedish Match is subject to a variety of rules that affect its governance, including the Company’s Articles of association, the Swedish Companies Act, the Rule Book for Issuers on NASDAQ OMX Stockholm, the Swedish Code of Corporate Governance, and other applicable laws and regulations.
The Swedish Code of Corporate Governance
Governance of the Swedish Match group
Swedish Match applies the Swedish Code of Corporate Governance. The Company is not reporting any deviations from the Code for 2012, except with regard to the Code’s regulation that auditors are to review the Company’s half year or nine month report. The reason for this deviation is that the Board of Directors, with reference to the Company’s stable operations, is of the opinion that the extra cost that would be incurred by such a review is not warranted and that sufficient control is achieved through the Company’s internal reporting and control systems. This Corporate Governance report has been examined by the Company’s auditors but does not represent part of the formal annual report.
Corporate Governance report 2012
For updated information see the Corporate Governance pages.
Swedish Match Annual General Meeting 2013 was held on April 25, 2013, at 4.30 p.m. CET (10.30 a.m. EDT) at the Hotel Rival in Stockholm, Sweden.