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Corporate Governance Report

Sandvik AB has its head office in Stockholm and is the Parent Company of the Sandvik Group, with subsidiaries in about 70 countries. The Group has about 41,000 employees and revenues in about 170 countries. Sandvik AB is a public company with its shares listed on Nasdaq Stockholm.

Corporate governance within Sandvik is based on external rules such as the Swedish Companies Act, the Nordic Main Market Rulebook for Issuers of Shares, the Swedish Code of Corporate Governance (the “Code”) and other relevant laws and regulations. The Code is available at corporategovernance­ In 2023, Sandvik applied the Code without deviating from any of its regulations.

Corporate governance model

Valberedning Internrevision Speak Up & Affärsetik Revisionsutskott Extern Revisor Ersättningsutskott Utskott förförvärv och avyttringar Bolagsstämma Styrelse VD & Koncernledning Affärsområden Divisioner Koncernfunktioner Nomination Committee Internal Audit Speak Up and Business Ethics Audit Committee External Auditor Remuneration Committee Acquisitions and Divestitures Committee ShareholdersMeeting Board of Directors President and Group Executive Management Business areas Divisions Group functions