Governance structure

The parent company of the Vattenfall Group, Vattenfall AB, is a Swedish public limited liability company with registered office in Solna, Sweden. Vattenfall AB is thereby subject to the provisions of the Swedish Companies Act.

The main decision-making bodies are the Annual General Meeting (AGM), the Board of Directors and the President. The AGM elects the Board of Directors, which in turn appoints the President, who is responsible for the day-to-day administration in accordance with the Board’s guidelines and instructions.

The Governance structure

Important internal and external rules and regulations for Vattenfall

External rules and regulations:

• Swedish and foreign legal rules
• The Swedish State's ownership policy
• The Swedish Corporate Governance Code ("the Code")
• Stock exchange rules for fixed-income instruments registered on Nasdaq Stockholm
• International Financial Reporting Standards (IFRS) and other accounting rules
• The Global Reporting Initiative (GRI) Standards and UN Global Compact as well as reporting according to Green Bonds Principles, Science Based Targets and Task Force on Climate-related Financial Disclosures (TCFD)

Internal rules:

• Vattenfall AB's Articles of Association (PDF 105 kB)
• The Board's and committees' Rules of Procedure, including the CEO instruction and instructions for reporting to the Board
• The Vattenfall Management System (VMS), including the Code of Conduct and Integrity, and other internal governance documents