Corporate governance
Munters adheres to the Swedish Corporate Governance Code, ensuring a standard beyond the basic legal requirements. This 'comply or explain' approach allows us to tailor governance practices to our unique needs while maintaining transparency. Our commitment to the Code's principles begins with our Nasdaq Stockholm listing, barring specific exceptions detailed in our annual governance reports.
Annual General Meeting
Pursuant to the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)), the Annual General Meeting is the supreme decision-making body in a limited liability company where shareholders exercise their voting rights. The Annual General Meeting elects the Board of Directors and the auditors and takes decisions on such matters as amendments to the Articles of Association.
Group Management
At Munters, being part of the management is more than a role; it is a commitment to cultivating excellence, driving innovation, and upholding our core values. Our management team and executive leaders lead this endeavor, demonstrating integrity, clear transparency, and a strong commitment to our collective mission. Together, they bring a rich diversity of experiences and insights, steering our organization with visionary strategy and a collaborative ethos.
Board of Directors
At Munters, we view leadership as a journey of inspiring excellence, fostering innovation, and embracing our shared values. Our Group Management and Board of Directors lead this journey, embodying integrity, transparency, and a steadfast commitment to our mission. Together, they bring diverse experiences and perspectives, guiding our company with strategic foresight and a collaborative spirit.
Auditors
The external auditor of Munters is elected each year by the General Meeting of shareholders pursuant to the Swedish Companies Act. The auditor reports to the shareholders at General Meetings of shareholders.
Current auditor
EY AB (P.O. Box 7850, SE-103 99 Stockholm, Sweden) is the Company’s auditor and has been since 2010. They were appointed by the Annual General Meeting 2021 for another four years.
Andreas Troberg, authorised public accountant and a member of FAR (the professional institute for authorised public accountants in Sweden), is auditor-in-charge and has been since 2023.
Internal control and risk management
Explore the cornerstone of our corporate governance: Discover how we uphold the standards of internal control and risk management. Dive into the detailed mechanisms that safeguard our assets, enhance financial reliability, and support strategic objectives. Read more about our commitment to transparency and accountability
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Articles of Association
Explore the foundational framework of our corporate governance: Dive into the Articles of Association adopted by Munters Group AB, which guide our operations, objectives, and shareholder relations. Understand the principles steering our business practices and corporate decisions. Discover more about our governance framework and how it shapes our strategic direction and operational conduct.
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Renumeration
Discover how Munters fosters a culture of excellence and alignment with our business strategy: Dive into our comprehensive Remuneration framework, designed to attract and retain top talent while promoting our long-term interests and strategic ambitions. Learn about our competitive total remuneration strategies, Short-Term and Long-Term Incentive programs, and how they are intricately linked to the company's performance and sustainability goals.
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Nomination Comittee
Learn about the integral role of our Nomination Committee within our corporate governance framework: Understand how it strengthens our company’s structure by proposing key positions and ensuring balanced, fair remuneration practices. Get a glimpse into the committee's composition, guided by our commitment to transparency and shareholder representation
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Swedish Corporate Governance Code
The Swedish Corporate Governance Code ("the Code") applies to all Swedish companies whose shares are listed in a regulated marketplace in Sweden and must be observed as of the first day of trading. The Code outlines a standard for sound corporate governance at a higher level of ambition than that of the Swedish Companies Act and the minimum criteria stipulated in other regulations. The Swedish Corporate Governance Code is based on the "comply or explain" principle, meaning that the company is not compelled to always comply with every rule of the Code, and is instead free to opt for other solutions that are deemed to better suit the circumstances in a particular case, provided that the company transparently reports every such deviation, describes the alternate solution, and states the reasons for said actions in its corporate governance report.
Munters expects to comply with all rules in the Code from the date of the listing of the Shares on Nasdaq Stockholm, with the exception of rules 9.7 and 9.8 of the Code. Deviations from the Code will be reported in the Company’s annual corporate governance reports.
Adopted by the Annual General Meeting on 19 May 2021.