Svensk Kod för Bolagsstyrning : En granskning av bolagsstyrningsrapporter

by Boström, Emelie; Linderot, Johanna

Abstract (Summary)
Background: Many scandals within big corporations have occurred in several countries and that is one of the reasons countries have created codes for corporate governance. Sweden is not spared from scandals and the debate about corporate governance has been intensified the last couple of years. A group called Kodgruppen, appointed by the Government, has created the Swedish Code of Corporate Governance which took effect 1 July, 2005. The purpose of the Code, among other things, is to give the concerned corporations guidelines about the content in the reports to the capital market and the shareholders.Purpose: The purpose of this essay is to review 50 Swedish stock exchange corporations’ reports of corporate governance and from these portray the most frequent deviations from the Swedish Code and the most common explanations to these. The study also looks into the clearness of the information given in the reports regarding the implementation of the Code. Further the paper examines how many of the companies that had their corporate governance report reviewed by an auditor.Theory: The theoretical frame of reference is corporate governance, information asymmetry and the stakeholder theory.Method: The scientific method for the paper is quantitative, systematic observations have been done of 50 corporate governance reports which are presented in diagrams and tables. The quantitative method was chosen to describe a general situation of the application of the Code.Conclusion: From the basis of the author’s review we can establish that the companies have a high ambition in the application of the Code which can be understood from the low number of deviations per company. Furthermore shows the low number of deviations that thecompanies have made an effort for more openness and transparency towards the stockholders. The corporate governance reports have thus given the shareholders and other stakeholders a greater insight in the companies’ corporate governance and with that reduces the information asymmetry.Key words: Swedish Code of Corporate Governance, code of corporate governance, corporate governance, information asymmetry.
Bibliographical Information:


School:Uppsala universitet

School Location:Sweden

Source Type:Master's Thesis

Keywords:swedish code of corporate governance information asymmetry


Date of Publication:04/12/2007

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