Corporate Governance

AAC Clyde Space has to comply with the Swedish companies act's rules on corporate governance. In doing so, the Board has drawn up rules of procedure for its work, instructions regarding the division of work between the Board and the CEO, which deals with its duties and reporting obligations, and has established instructions for the financial reporting. The rules of procedure are reviewed annually.

AAC Clyde Space has been following the Swedish Code of Corporate Governance since November 2018, and its principle of "following or explaining". For the year 2018 AAC Clyde Space reported a deviation relating to rule 9.1, if the board should set up a remuneration committee. Based on its size and composition, the Board has considered that the Remuneration Committee and the tasks of the Audit Committee are best performed by the Board as a whole and has therefore decided not to appoint special committees.