Corporate governance

Sound corporate governance is fundamental to gain trust
We recognize the value of sound corporate governance as a basis for achieving trust in the relationship with shareholders and other key parties. The Volvo Group applies the Swedish Code of Corporate Governance, which aims at promoting positive development of corporate governance in Swedish listed companies. 
The Volvo Group Board of Directors.

Governance bodies

Sound corporate governance, characterized by high standards as regards transparency, reliability and ethics, has always been a well-established guiding principle within the operations of the Volvo Group. It is regarded as a fundamental basis for economic profitability and relationships based on trust. This strengthens our brand both internally and externally.

A number of corporate bodies carry out the governance and control of the Volvo Group. At the Annual General Meeting, shareholders exercise their voting rights with regard to, for example, the composition of the Board of Directors of AB Volvo and the election of external auditors. Shareholders are entitled to raise questions at the Annual General Meeting by sending written questions to the Chairman of the Board of Directors ahead of the event.

Sound corporate governance has always been a well-established guiding principle within the operations of the Volvo Group.

At the request of any shareholder and, when considered appropriate by the Board of Directors, the Board and President provides information at the Annual General Meeting in respect of any circumstances that may affect the assessment of a matter on the agenda, and any circumstances that may affect the assessment of the company’s or a subsidiary’s financial position and as regards the company’s relationship to other Group companies.

Board responsibilities

The Board is responsible for the Group’s long-term development and strategy as well as controlling and evaluating the company’s operations.

The Board appoints the President of AB Volvo, who is also the Chief Executive Officer (CEO) of the Volvo Group. The duties of the Board are partly exercised through its Audit Committee and its Remuneration Committee.

 

The Volvo Group Corporate Governance Model