MAG Interactive is a Swedish public limited liability company. Prior to the listing on Nasdaq First North Premier, corporate governance in the Company was mainly based on Swedish laws and regulations, e.g. the Swedish Companies Act (Sw. Aktiebolagslagen (2005:551)) and the Swedish Annual Accounts Act (Sw. Årsredovisningslagen (1995:1554)), the Company’s articles of association and internal rules and instructions. As a Company listed on Nasdaq First North Premier, the Company will apply Swedish laws and regulations, the Company’s articles of association, internal rules and instructions, and the Nasdaq First North Rulebook, as well as other Swedish and foreign laws and regulations, as applicable. The Company will also apply the Swedish Corporate Governance Code (the “Code”). The Code is based on the principle “comply or explain”.
The Company will, after listing of the Company’s shares on Nasdaq First North Premier, comply with the Code, with the exception of the board not meeting the Code’s requirements on board independence.
All deviations from the Code will be described in the Company’s corporate governance report, which will be included for the first time in the 2017/2018 annual report.