Organisation

Nordiska's operations are organised in accordance with the Company's business model and are divided into several functional areas. In addition to the business functions, independent functions for Internal Audit, Compliance, and Risk Control are established to ensure effective governance and oversight.

The General Meeting of Shareholders is Nordiska's highest decision-making body. At the General Meeting, all shareholders are given the opportunity to exercise the voting rights represented by their respective shareholdings. The rules governing the General Meeting and the matters to be addressed are set out, among other sources, in the Swedish Companies Act and the Company's Articles of Association.

The General Meeting appoints members of the Board of Directors and the external auditors, adopts the annual financial statements, approves the Articles of Association, decides on the allocation of profits or losses, grants discharge from liability to the Board and the CEO, and determines remuneration for the Board and external auditors.

The Board of Directors has the overall responsibility for Nordiska's operations, organisation, and risk management. The Board appoints the CEO, who is responsible for the day-to-day management of the Company.

The CEO's duties are primarily governed by the Swedish Companies Act, the CEO Instruction adopted by the Board of Directors, and Nordiska's internal policies. The CEO is responsible for ensuring that internal controls operate effectively and reports regularly to the Board.

The Compliance Function and the Risk Control Function operate independently from the business and report to both the CEO and the Board of Directors.

The Internal Audit Function is independent of both the first and second lines of defence, reports to the Board of Directors, and provides reporting to both the Board and the CEO.

For further information regarding Nordiska's organisational structure, please see the Annual Report.