Corporate governance at Assemblin
Well-structured operations, active control efforts and a sound corporate culture ensure sustainable value creation with limited risk, in accordance with the requirements placed on Assemblin as a Swedish company with listed securities.
Assemblin’s Parent Company, Assemblin Group AB, ID corp no 559427-2006, is domiciled in Sweden and carried out a refinancing in July 2023 by issuing a bond as at that time subsequently was listed on the International Stock Exchange (Channel Islands) [TISE (CI)] market in January 2020. . The refinancing meant that previously issued bonds in 2019 (listed on TISE Cl in January 2020) were redeemed.
This means that corporate governance at Assemblin is based on Swedish law and TISE (CI) rules for issuers. In addition, Assemblin has chosen to apply the Swedish Corporate Governance Code and the principles of the UN Global Compact.
Furthermore, the company also has internal governing documents that apply to the company as a whole.
Corporate governance reports
As of the 2019 financial year, Assemblin publishes Corporate Governance Reports as part of the company’s public Annual Report and Sustainability Reports.
Operational governance in a decentralised environment
With the insight that most installation assignments are local, and in order to ensure market-leading know-how, Assemblin has a firmly decentralised and technology-oriented organisation. To leverage economies of scale, minimise risks and ensure efficiency and a sound culture, however, there is a clearly defined Group-wide platform based on a framework of shared values, policies and guiding principles. The Group-wide policies that Assemblin’s Board of Directors and Group Management adopt annually are an important part of this framework.