There are no significant deviations between the Code of Practice and the way it is implemented in the company.
The company’s corporate governance principles are adopted by the Board of Directors and ensure an appropriate division of roles and responsibility and well-functioning cooperation among the company’s shareholders, the Board of Directors (the Board) and its senior management, and that the company’s activities are subject to satisfactory control. An appropriate division of roles, effective cooperation, and satisfactory control contribute to the best possible value creation over time, to the benefit of owners and other stakeholders.
The company’s code of ethics addresses impartiality, conflicts of interests, relation with customers and suppliers, relations with media, insider trading and relevant financial interests of a personal nature. The code of ethics applies to all employees in Itera.
For further description of the corporate governance, see the 2011 Annual Report.