Duni AB is a Swedish public limited company (publikt aktiebolag) and has been listed on the NASDAQ Stockholm Mid Cap list since November 14, 2007. Duni is governed via General Meetings, the Board of Directors and the CEO, as well as Duni’s Group Management, in accordance with the Swedish Companies Act, the Company’s Articles of Association and the rules of procedure and internal guidelines for the Board of Directors and the CEO. Representatives from Duni’s Group Management also serve as directors on the boards of subsidiaries.
Duni has undertaken to NASDAQ Stockholm to apply the Swedish Corporate Governance Code (the “Code”), which is applied by all Swedish companies whose shares are admitted to trading on a regulated market in Sweden. Duni applies the Code in its entirety except for one rule, 9.2. Thomas Gustafsson is a member of the Remuneration Committee although he cannot be considered independent of the Company and management because he was CEO of Duni between December 2012 and October 2017. The reason for the deviation from the Code in this case is that Thomas Gustafsson is very well acquainted with the Company’s circumstances in issues such as employee situations, talent provision and remuneration structures given his many years as CEO and before that director at Duni.