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

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

Internal rules:

• 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

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)