Trees and sky seen from underneath - Investors - AAK

Focused on business benefits

Corporate Governance

Effective and clear corporate governance contributes to the safeguarding of trust in AAK among the company's stakeholder groups and also increases the focus on business benefit and shareholder value in the company.

AAK’s Board of Directors and management team endeavor, through a high level of transparency, to make it easy for individual shareholders to understand the company’s decision-making process and to clarify where in the organization responsibil­ities and authorities reside. AAK’s corporate governance is based on applicable legislation, the Code, Nasdaq Nordic Main Market Rulebook for Issuers of Shares, generally accepted practice in the stock market and various internal guidelines. Where AAK has cho­sen to diverge from the rules in the Code, the reason is provided under each heading in the Corporate Governance Report.


AAK is a Swedish public limited liability company, the shares of which are traded on Nasdaq Stockholm within the Large Cap segment, Consumer Commodities sector. AAK had 17,250 shareholders per December 31, 2019. Its business operations are global, with a presence in more than 100 countries. As of December 31, 2019, the number of employees was 3,884. Responsibility for management and control of AAK is divided between the shareholders at the Annual General Meeting, the Board of Directors, its elected committees and the CEO in accordance with the Swedish Companies Act, other legislation and ordinances, applicable rules for companies traded on a regulated market, the Articles of Association and the Board’s internal control instruments.

Long-term responsibility

AAK’s goal is to be the obvious first choice for its customers, and to create the best possible value for the company’s various stakeholder groups — in particular customers, suppliers, shareholders and employees. At the same time, AAK aims to be a good corporate citizen and take long-term responsibility. The aim of corporate governance is to define a clear allocation of responsibility and roles between the owners, the Board, the executive management team and various control bodies. In line with this, corporate governance covers the Group’s management and control systems. AAK’s general accounting principles and guidelines form the groundwork on which the company’s detailed and legalistic accounting rules are based. These can be found in the Annual Report 2019.

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More Information

Corporate Governance Report

In accordance with the Annual Accounts Act and the Swedish Corporate Governance Code, AAK's Annual Report includes a Corporate Governance Report.

AAK's Articles of Association

The Articles of Association are adopted by the Annual General Meeting, the highest decision-making body.


AAK’s Board consists of eight people of which two members are appointed by company employees.


AAK’s auditors are appointed by the Annual General Meeting. AAK’s auditors are the accounting firm, PricewaterhouseCoopers AB, with Bo Karlsson as auditor in charge.

Nomination Committee

The task of the Nomination Committee is to make proposals to the Annual General Meeting regarding election of the Chairman and other members of the Board, and of the Chairman of the Annual General Meeting.

Remuneration and incentive program

Details of AAK's remuneration to the Board of Directors and senior executives, as specified in the latest Annual Report.