The Swedish Corporate Governance Code ("the Corporate Governance Code") is part of the Stockholm Stock Exchange's rules, according to the agreement between the Swedish Association of Stock Market Companies and the Stockholm Stock Exchange.
However, the Corporate Governance Code does not apply to all companies. At present, the Corporate Governance Code should be adopted by all Swedish companies listed on a stock exchange with market capitalization exceeding SEK 3 billion. Accordingly, Aerocrine is not subject to the Corporate Governance Code at present, although Aerocrine's corporate governance work is based on the Corporate Governance Code. If the Corporate Governance Code becomes binding for Aerocrine, Aerocrine will observe the Code.
Aerocrine observes the Swedish Companies Act and upon potential listing, will comply with the rules and recommendations ensuring from the company's listing on the Stockholm Stock Exchange. Additionally, the company complies with the recommendations issued by relevant organizations and observes the stipulations of the Articles of Association.
If you would like to know more about how Aerocrine is managed, please contact us at investor.relations@aerocrine.com .