Corporate Governance

Paradox Interactive AB (publ) is a Swedish public limited liability company and is governed based on Swedish law and internal rules and regulations.

The Swedish Code of Corporate Governance is applicable for Swedish companies with shares listed on a regulated market in Sweden. Nasdaq First North Growth Market where the company is listed is not a regulated market but requires companies to apply the Code. Companies must not comply with all rules in the Code, and has the option to apply alternative solutions believed to better fit their purposes, as long as any discrepancies are reported and the alternative solution is described and reasons behind it explained (the principle of ”comply or explain”) in the corporate governance report.

General meeting of shareholders

In accordance with the Swedish Companies Act, the general meeting is the company’s highest decision-making body and is the forum in which shareholders exercise their right to decide on the company’s key affairs, such as adopting the consolidated annual report and accounts, allocation of profits, discharging of the members of the board of directors and the CEO from liability, election of members of the board of directors and auditor and remuneration to the board of directors and the auditor.

In accordance with the articles of association of Paradox, notice of a general meeting shall be made by an announcement in the Official Gazette (Sw. Post- och Inrikes Tidningar) and by making the notice available on the company’s website. The company shall also advertise in Svenska Dagbladet that notice has been made.

Shareholders wishing to participate in a general meeting must be entered in a transcript or other publication of the complete share register covering the status as per the number of days prior to the meeting as set out in the Swedish Companies Act, and shall give notice of attendance to the company no later than the day specified in the notice of the general meeting. Shareholders who have their shares registered with a nominee must, in order to be entitled to participate at a general meeting and exercise its voting right, temporarily register the shares in their own name in the share register kept by Euroclear (so-called voting right registration).

A shareholder wishing to have a matter considered at a general meeting shall submit a request to no later than one week prior to the earliest date which the notice regarding the general meeting may be issued.