27 March, 2012

Internal control over financial reporting

Svensk version

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The Electrolux Control System (ECS) has been developed to ensure accurate and reliable financial reporting and preparation of financial statements in accordance with applicable laws and regulations, generally accepted accounting principles and other requirements for listed companies.

ECS adds value through clarified roles and responsibilities, improved process efficiency, increased risk awareness and improved decision support.

ECS is based on the framework for internal control issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The five components of this framework are control environment, risk assessment, control activities, monitor and improve and inform and communicate.

The Electrolux Board has overall responsibility for establishing an effective system of internal control. Responsibility for maintaining effective internal controls is delegated to the President.

Categories: Management

Topics: Financial reporting, Internal control

Group management

Group Management includes the President, the six business sector heads and six Group staff heads.

27 March, 2012

Corporate governance

Remuneration guidelines

Below Remuneration Committee Chairman Barbara Milian Thoralfsson reports on the company’s approach to remuneration to senior management.

27 March, 2012

About

Management and company structure

Electrolux aims at implementing strict norms and efficient processes to ensure that all operations create long-term value for shareholders and other stakeholders.

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Ownership structure

Most of the shares owned by foreign investors are registered through foreign banks or trustees, which are not registered in the share register kept by VPC.

25 April, 2012

About

Board of directors

The Board of Directors consists of nine members, without deputies, who are elected by the Annual General Meeting for a period of one year.

10 April, 2012

Corporate governance

Annual General Meeting 2012

The Annual General Meeting of AB Electrolux was held at 5 pm on Tuesday, March 27, 2012, at Stockholm Waterfront Congress Centre, Nils Ericsons Plan 4, Stockholm, Sweden.

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