Corporate governance is the system of rules, practices and processes by which a company is directed and controlled, and secures long-term growth.
Good corporate governance is not only about following applicable rules; it is also about doing what is right.
The challenge for Atlas Copco is how to strike the right balance between risk and control in a decentralized management model. The overall goal is sustainable productivity, profitability and governance. Atlas Copco is incorporated under the laws of Sweden and listed on Nasdaq OMX Stockholm. It is governed by Swedish legislation and regulations, primarily the Swedish Companies Act, but also the rules of Nasdaq OMX Stockholm, the Swedish Corporate Governance Code, the Articles of Association, and other relevant legislation.
Corporate governance reports can be found in the Atlas Copco Annual Report in the section Corporate Governance.
The Articles of Association govern how Atlas Copco does business. They were most recently adopted at the Extraordinary General Meeting 2020 and are registered at the Swedish Companies Registration Office (Bolagsverket).
Sustainability plays an important role in Atlas Copco’s vision and is an integral part of the Group’s mission. An integrated sustainability strategy helps the company deliver greater value to all its stakeholders in a way that is economically, environmentally and socially responsible. Atlas Copco is committed to being a responsible corporate citizen, observing the spirit as well as the letter of the laws of the countries in which it operates. All employees and managers, and business partners, are expected to follow the policies contained in the Business Code of Practice. Atlas Copco also supports the following international standards and guidelines: