Titania is a Swedish public limited company. Prior to its listing on Nasdaq First North Growth Market, the company’s corporate governance was based on Swedish law, internal rules and regulations, and the Swedish Corporate Governance Code (“the Code”). The company also adheres to the Nasdaq First North Growth Market rulebook.
The Code applies to all Swedish companies whose shares are listed on a regulated market in Sweden. However, Swedish companies listed on Nasdaq First North Growth Market are not required to apply the Code. Titania applies the Code on a voluntary basis.
Companies that apply the Code are not obliged to follow all its rules, as the Code itself allows for deviations, provided that any such deviations and the chosen alternative solutions are described and explained in the corporate governance report (according to the “comply or explain” principle). Any deviations from the Code will be disclosed in the company’s corporate governance report. Apart from not having appointed a nomination committee, the company currently does not expect to report any deviations from the Code in its corporate governance report.