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
Important internal and external rules and regulations for Vattenfall
External rules and regulations
- Swedish and foreign legal rules
- The Swedish State's ownership policy
- The Swedish Corporate Governance Code ("the Code")
- Stock exchange rules1
- International Financial Reporting Standards (IFRS) and other accounting rules
- The Global Reporting Initiative (GRI) Standards and UN Global Compact
- Vattenfall AB's Articles of Association (PDF 121 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
1 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
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.