Swedish Code of Corporate Governance

Volvo applies the Swedish Code of Corporate Governance (the Code), which is available at www.bolagsstyrning.se.

Between January 1, 2011 and December 31, 2011, Volvo did not deviate from any of the regu­lations set forth in the Code. 

This Corporate Governance Report has been prepared in accordance with the Annual Accounts Act and the Code.