OPTIMIZING HUMIDITY IN AIRCRAFT Home > Investors > Corporate Governance CORPORATE GOVERNANCE Corporate governance practices refer to the decision-making systems through which owners directly or indirectly control a company. CTT is a Swedish public stock corporation with shares listed on Nasdaq Stockholm AB. The authority, management and control are distributed between the shareholders, the board of directors, the CEO and the management group in accordance with current legislation, regulations and instructions. CTT Systems is a Swedish limited liability company which operates under Swedish law and its corporate governance is regulated by the Articles of Association, the listing agreement with Nasdaq Stockholm, other applicable rules and norms, the Code of Conduct and other instructions and policies. CTT Systems applies the Swedish Code of Corporate Governance (“Code” – http://www.bolagsstyrning.se/). The Corporate Governance Report has been prepared in accordance with the Swedish Annual Accounts Act and the Swedish Companies Act, Nasdaq Stockholm’s regulations for issuers, the Code, and other applicable Swedish laws and regulations. In addition to rules pursuant to law or other legislation, CTT uses dilgent internal control as basis for CTT’s corporate governance, including the Articles of Association, Rules of procedures for the Board of Directors and the CEO, policy documents and the Code of Conduct. Governance in CTT Systems takes place through the shareholders via General Meetings of Shareholders, the Board of Directors, the CEO and the senior executive management of CTT Systems in accordance with, among other things, the Swedish Companies Act, other laws and regulations, the Articles of Association and the Rules of Procedure for the Board of Directors. BOLAGSSTYRNING Formal Corporate Governance documents and information in Swedish NOMINATION COMMITTEE The Nomination Committee is constituted of representatives by the four largest shareholders and shall be founded no later than six months ahead of the AGM. Click Here GENERAL MEETINGS The general meeting of shareholders is the highest decision-making body of the company. Shareholders vote to decide in issues such as adoption of income statements and balance sheets, allocation of the company’s profit, election of board members and auditors as well as remuneration of the board of directors and auditors. Click Here BOARD OF DIRECTORS The Board of DIrectors is elected by the shareholders at General Meetings. The Board of Directors in CTT consists of six members. Chaired by Tomas Torlöf, the Board takes care of corporate governance matters, operational follow-up, as well as strategic decisions. Click Here MANAGEMENT The CEO is responsible for the company’s day-to-day management. The CEO has a Management group consisting of 7 members, with its responsibility to effectively execute, safeguard and promote the interest and strategy of CTT. Click Here AUDITORS The company’s financial reports and accounts, as well as the administration of the Board and the President, are reviewed in line with generally accepted auditing standards by the company’s external auditors, who are elected by the AGM. Current external auditors are Grant Thornton Sweden AB, represented by Camilla Nilsson, certified auditor for CTT since 2018. HUMIDIFIER ONBOARD First & Business Flight Deck Crew Rest Compartment VIP Aircraft & Business jets ANTI-CONDENSATION Benefits ABOUT CTT CTT in short Sustainability Quality Career Privacy Policy INVESTOR RELATIONS Corporate Governance Corporate presentations Earnings Reports Upcoming Events IR White papers CTT in the media © All rights reserved CTT Systems AB