Thunderful Group AB, the parent company of Thunderful Group, is a Swedish public limited liability company. Prior to the listing on First North Premier, the Company’s corporate governance has been based on the Swedish Companies Act (2005:551), the Swedish Annual Accounts Act (1995:1554) and other applicable laws and regulations, as well as the Company’s articles of association and internal rules and instructions.
From the time of the listing of the Company’s shares on First North Premier, the Company also comply with First North Premier’s rules for issuers, rulings from the Swedish Securities Council regarding good practice in the Swedish stock market and apply the Swedish Corporate Governance Code (the “Code”). The Code sets a higher standard for good corporate governance than the minimum requirements of the Swedish Companies Act and thus completes the Swedish Companies Act by setting higher corporate governance requirements in a number of areas, but at the same time enables the Company to deviate from these (following the principle of “comply or explain”). Such deviations, and the chosen alternative solution, shall be described and the reasons for the deviation explained in a corporate governance report annually.
The Company does currently not expect to report any deviations from the Code as from the time of the listing on First North Premier until the publication of the first corporate governance report, which will be prepared in connection with the annual report of the financial year 2020.