The aim of the Code
The Code forms part of the system of self-regulation within the Swedish private sector and aims to improve the corporate governance of companies listed on the Swedish securities market. It acts as a complement to the Swedish Companies Act and other regulations by specifying a norm for what is generally regarded as good corporate governance at a higher level of ambition than the statutory regulation.
Good corporate governance entails that companies are run in the best interests of their owners. This builds confidence in companies among the general public and among the actors on the Swedish and international capital markets, which in turn creates better conditions for the supply of risk capital to Swedish private sector companies. Good corporate governance therefore contributes to the efficiency of the corporate sector and, as a result, a faster growing and more dynamic Swedish economy.