Governance Structure

The governance, management and internal control is distributed between the shareholders (Annual General Meeting), The Board of Directors, the Chief Executive Officer and the company management in accordance with current legislation, the Articles of Association and the internal instructions that have been adopted by the Oasmia Board of Directors. In addition, the company auditor is responsible for the external control of the company.

Chairman of the Board

The Chairman of the Board monitors, by continuous contacts with the CEO, the development of the company and is responsible for facilitating necessary information to the Board members, so that they may carry out their assignments. In addition, the chairman leads the Board’s work and certifies that the Board’s decisions are carried out. The chairman also ensures that the work of the Board is reviewed annually and that the nomination committee receives information about the review. The chairman is responsible for the production of a corporate governance report and a report describing how the internal control for the financial reporting is organized and how well it has functioned during the fiscal year.

Work plan for the Board of Directors

The Board of Directors have established a written work plan for the Board and the tasks performed by the committees. The work plan comprises regulations concerning the quorum, documentation of the meetings and the meeting intervals among other things. It also contains policies concerning conflicts of interest and confidentiality

The Board have also adopted an instruction for the CEO. The instruction contains, for instance, restrictions concerning decisions of investments and acquisitions. The report instruction, which complements the work plan for the Board of Directors and the instruction for the CEO, regulates the continuous reports from the CEO to the Board of Directors and the external reports of the Board of Directors.