The Swedish Corporate Governance Board
The Swedish Corporate Governance Board was set up in spring 2005 with the general aim of promoting good corporate governance in Swedish stock exchange listed companies.
A major part of this role is the management of the Swedish Corporate Code Governance, which was introduced for major stock exchange companies on 1 July 2005. Since then, the Code has been revised and its application broadened. As of 1 July 2008, the revised Code is applicable to all Swedish companies whose shares are traded on a regulated market in Sweden. The latest revision of the Code took place in 2010, with new rules coming into force on 1 February 2010 (with certain transitional rules).
As of May 2010, the Board is also responsible for the issues that were previously dealt with by the Swedish Industry and Commerce Stock Exchange Committee (NBK) - at present mainly the Swedish takeover rules.
The Board is one of the three bodies that constitute the Association for Generally Accepted Principles in the Securities Market, an association set up by a number of corporate sector organisations to provide a structure for the self-regulation of private sector companies on the Swedish securities market.
The other bodies are the Swedish Securities Council and the Swedish Financial Reporting Board.