At Axfood, corporate governance is guided by the principles laid out in various external and internal regulations.

External rules and regulations include relevant laws and statutes (such as the Swedish Companies Act, the Swedish Annual Accounts Act and the EU Market Abuse Regulation) and Nasdaq Stockholm’s Nordic Main Market Rulebook for Issuers of Shares. Axfood also follows the Swedish Corporate Governance Code (“the Code”). In 2024, there were no deviations from Nasdaq Stockholm’s Rulebook, the Code or good stock market practice.

Internal rules and regulations include the Company’s Articles of Association and the governance instruments adopted by the Company, which are mainly the Board of Directors’ rules of procedure, the President’s instructions, the Code, policies, guidelines and internal instructions. Internal rules and regulations are followed up annually and are revised as necessary.

Sustainability is an integral part of Axfood’s operations and governance, and the strategic direction is set by the Board, in part through a sustainability policy and strategic sustainability targets.