Asetek seeks to maintain a high standard for corporate governance and believe it is an important premise for stakeholders’ confidence in the company and long term value creation. The principles of corporate governance define the business framework that all activities in Asetek should operate within, and clarify the division of roles between governing bodies in the company. Asetek is a public limited liability company with a governance structure based on Danish law. The company follows the Danish Code of Practice for Corporate Governance prepared by the Danish Corporate Government Board. More information can be found at www.corporategovernance.dk.
Apart from the recommendations and Norwegian issuer rules, Asetek's corporate governance is also based on the Danish Companies Act, the Danish Financial Statements Act, IFRS, the Danish Securities Trading Act, Asetek’s articles of association and best practice for businesses of the same size and with the same international scope as Asetek.