Corporate Governance

Corporate governance is important to us. It forms an integral part of our day-to-day work and frames the Group’s strategy and positioning.

Our annual report presents a transparent account of our activities and results. In this way, we aim to meet the legal and ethical expectations of shareholders and other stakeholders. Good corporate governance enables responsible and value-oriented corporate management and control.

Elections and organisation

Both the Chairman and the other members of the Board of Directors are elected at the Annual General Meeting.

The Board of Directors is divided into various committees. This allows the Board members to draw on their expertise when taking decisions. Cindrigo has three Board committees. They enable appropriate corporate management and oversight:

  • Remuneration Committee
    Chairman Dag Andresen
    Bo Thorén
  • Nomination Committee
    Chairman Jörgen Andersson
    Mustaq Patel
  • Audit Committee
    Chairman Dag Andresen
    Bo Thorén

Election of Officers

Our executive officers, currently Mr Patel and Mr Guldstrand, are appointed by, and serve at the discretion of, our board of directors. There is no family relationship among any of our directors or executive officers.

Board of Directors

Our board of directors currently consists of 6 directors. We expect that all current directors will continue to serve after this offering.

A director may vote in respect of any contract or transaction in which he is interested, provided, however, that the nature of the interest of any director in any such contract or transaction shall be disclosed by him at or prior to its consideration and any vote on that matter. A general notice or disclosure to the directors or otherwise contained in the minutes of a meeting or a written resolution of the directors or any committee thereof of the nature of a director’s interest shall be sufficient disclosure and after such general notice it shall not be necessary to give special notice relating to any particular transaction. A director may be counted for a quorum upon a motion in respect of any contract or arrangement which he shall make with our company, or in which he is so interested and may vote on such motion.

Term of Office

Our directors are appointed for a one-year term to hold office until the next annual general meeting of our stockholders or until they resign or are removed from the board in accordance with our bylaws. Our officers are appointed by our Board of Directors and hold office until they resign or are removed from office by the Board of Directors.

Significant Employees

We consider each of our consultants, Lars Guldstrand, Jörgen Andersson, Mustaq Patel and Christer Grundström to be our significant employees, even though none of them are employees but are rather consultants. We do not have key-person insurance in place in the event that any of these person were to be unable to continue in their positions. If that were to happen or if such person were to otherwise leave our company, we might not be able to replace them or could lose significant time and resources doing so.

Code of Ethics

The company has adopted a Code of Corporate Governance Manual

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