Governance structure

The parent company of the Vattenfall Group, Vattenfall AB, is a Swedish public limited liability company with registered office in Solna, Sweden. Vattenfall AB is thereby subject to the provisions of the Swedish Companies Act.

The main decision-making bodies are the Annual General Meeting (AGM), the Board of Directors and the President. The Board of Directors is elected by the AGM. The Board, in turn, appoints a President and CEO, who is responsible for the day-to-day administration of the company in accordance with the Board's guidelines and instructions.

The Governance structure

Governance and reporting structure Remuneration Committee Owner via the AGM Board of Directors CEO and EGM Auditor Audit Committee Internal Governance Business Divisions and staff functions, accord to org structure

Important internal and external rules and regulations for Vattenfall

External rules and regulations

Internal rules:

  • Vattenfall AB's Articles of Association (PDF 28 kB)
  • The Board's and committees' Rules of Procedure, including the CEO instruction and instructions for reporting to the Board
  • The Vattenfall Management System (VMS), including the Code of Conduct and Integrity, and other internal governance documents

Vattenfall adheres to the stock exchange rules that apply for companies that have fixed-income securities registered on Nasdaq OMX Stockholm and other marketplaces.

More about corporate governance

Corporate Governance Report 2018 (PDF 502 kB)
Previous corporate governance reports
The state as a company owner
The assignment for Vattenfall AB (the Swedish Government Bill 2009/10:179, in Swedish)

Ownership

Vattenfall AB is wholly owned by the Swedish state. Major parts of the Group's business are carried out in wholly and partly owned subsidiaries. For more information about legal entities within the Vattenfall Group, see the Annual and sustainability report.

Related content

Magnus Hall and Karin Lepasoon at Vattenfall's AGM in 2018

Vattenfall's shareholder and the shareholders' meeting.

Lars G Nordström

The directors are elected annually by the Annual General Meeting.

A table and chairs in a meeting room at an office

Good internal governance is crucial to maintaining a successful organisation.

See also

Woman in helicopter looking down on turbines at Horns Rev offshore wind farm

Vattenfall is a leading European energy company.

Woman riding an electric bike

We have a responsibility for our environmental and social impacts.

Read our latest annual and sustainability report, interim reports and other presentations.