Principles for corporate governance

Peab’s corporate governance is based on the Swedish Companies Act, The Swedish Corporate Governance Code which describes the Swedish model for corporate governance (www.bolagsstyrning.se), Nasdaq Stockholm’s regulations for issuers as well as Peab’s Articles of Association, Code of Conduct, policies and other internal rules and guidelines.

These regulations reflect our commitment to operating in a sustainable and responsible manner, thereby maintaining, and strengthening the trust of decision-makers, customers, employees, and existing and potential investors.

Peab is governed by external and internal governance documents. Here are some examples:

External regulations:

  • The Annual Accounts Act
  • The Swedish Companies Act
  • The Swedish Code of Corporate Governance
  • Nasdaq Stockholm’s regulations for issuers
  • The Data Protection Regulation
  • The Accounting Act
  • EU Market Abuse Regulation (MAR)
  • Global Reporting Initiative (GRI)
  • UN Global Compact
  • The UN Declaration on Human Rights
  • UN Global Goals for sustainable development and ILO’s core conventions on rights in working life
  • OECD Guidelines for Multinational Enterprises (regarding due diligence)
  • The UN Guiding Principles for Business and Human Rights (UNGP)
  • The OECD Anti-Bribery Convention and its recommendations
  • International Financing Reporting Standards (IFRS) and other accounting rules

Internal governance documents:

  • Rules of Procedure for the Board of Peab AB with instructions for the CEO
  • Instructions for the committees
  • Articles of Association
  • Core Values – Down-to-earth, Developing, Personal, Reliable
  • Code of Conduct
  • Policies – Environment, Work Environment, Quality, Information, Information Security, Finance, Internal Governance and Control, Related Party Transactions, Digitalization, Strategic input goods
  • Other internal regulations and guidelines, for example, guidelines regarding Due Diligence, Sanctions, Whistleblowing, Competition Law, Anti-corruption, Data Protection, Sponsoring, Social Media, Equal Opportunity

The above is only a selection of the governance documentation affecting the Peab Group.