Governance structure

Electrolux Group aims at implementing strict norms and efficient processes to ensure that all operations create long-term value for shareholders and other stakeholders. This involves the maintenance of an efficient organizational structure, systems for internal control and risk management and transparent internal and external reporting.

The governance of Electrolux AB is based on the Swedish Companies Act, the rule book for issuers at Nasdaq Stockholm and the Swedish Code of Corporate Governance (the “Code”), as well as other relevant Swedish and foreign laws and regulations.

Organizational governance chart showing the structure from shareholders and the General Meeting at the top, through the Board of Directors and various committees (Nomination, People, Strategic Planning, Audit), down to President and Group Management, and further to Business Area Boards, Product Line Boards, and Internal Bodies, with oversight from External and Internal Audit.