Group ALL TRELLEBORG SITES GLOBAL CONTACT US Home Your Industry Our Solutions Accelerate Performance Investors Media Career About Us Home About Us Corporate Governance Corporate governance A key feature of the Trelleborg Group’s culture and core values is effective corporate governance with the purpose of supporting the Board of Directors and management in their efforts to increase customer benefits and achieve greater value and transparency for shareholders. Get access to our Corporate Governance reports from 2006 on our Application of the code page Governance model The responsibility for management and control of the Trelleborg Group is distributed between the shareholders, the Board of Directors, its elected committees and the President, as illustrated below. Accounting principles General accounting policies The Parent Company, Trelleborg AB (publ) is a limited liability company with its registered office in Trelleborg, Sweden. The Parent Company is listed on Nasdaq Stockholm. The Board of Directors resolved to adopt these consolidated financial statements for publication on February 16, 2018. Basis of preparation The Trelleborg Group’s financial statements have been prepared in accordance with the Swedish Annual Accounts Act, RFR 1 Supplementary Accounting Rules for Corporate Groups and the International Financial Reporting Standards (IFRS) and IFRIC interpretations, as approved by the EU. The Group’s financial statements have been prepared in accordance with the cost method, with the exception of certain financial instruments that were measured at fair value. The Parent Company applies the same accounting policies as the Group, except in the instances stated below under “Parent Company’s accounting policies.” The differences arising between the Parent Company and the Group’s accounting policies are attributable to limitations on the ability to apply IFRS in the Parent Company, primarily as a result of the Swedish Annual Accounts Act. Amendments to IAS 1 Presentation of Financial Statements are being made within the framework of the IASB’s Disclosure Initiative, a project aimed at improving disclosures in financial statements. The amendments clarify a number of issues, including materiality, separate disclosure and subtotals, and the order of notes. For Trelleborg, this has involved a rearrangement of the note structure, with certain applicable accounting policies presented under the respective notes since 2016. In addition, general accounting policies were applied that are presented below. These policies were applied consistently for all years presented, unless otherwise stated. Trelleborg's accounting principles in the Annual Report 2017 note 1 (pdf) Articles of Association Please click show more to read the full article. Show more Annual General Meeting The Annual General Meeting of Trelleborg AB (publ) will be held on Wednesday, April 25, 2018, in Söderslättshallen in Trelleborg, Sweden. Board of Directors and Auditors Composition of the Board: In accordance with the articles of association, the Board of Directors shall consist of three to ten members, without deputies. Board members are elected annually by the Annual General Meeting for the period until the next Annual General Meeting. Remunerations The latest remuneration figures and the principles and programs that determine executive earnings. Internal Control Internal Control Trelleborg has defined internal control as a process that is influenced by the Board of Directors, the Audit Committee, the President, Group Management and other employee. READ MORE Risk Management All business activities involve risk. Risks that are effectivly managed may lead to opportunities and value creation, while risks that are not managed correctly could result in damage and losses. READ MORE Tax strategy for the U.K. According to U.K. law Trelleborg must state its tax strategy for the country. DOWNLOAD Organization and group management Organization and group management Trelleborg’s operations are organized into five business areas and into a number of group functions. The President and CEO, CFO, the Presidents of the various Business Areas as well as senior vice presidents of group functions comprise the Group management. © Trelleborg AB (publ), Johan Kocksgatan 10, P.O. Box 153, SE-231 22 Trelleborg, tel: +46 (0)410 670 00 Cookie policy Privacy Notice We use cookies to provide you with a better service. Carry on browsing if you're happy with this, or find out how to manage cookies and read our Privacy notice . OK