Corporate Governance
Corporate Governance
The primary aim of Loomis corporate governance is to create clear goals, strategies and values that effectively protect shareholders and other stakeholders by minimizing risk, and that also form a solid foundation from which to generate value. To achieve this, Loomis has developed a clear and efficient structure to delegate responsibility and governance.
Besides relevant laws and regulations, Loomis also adheres to the Nasdaq Stockholm’s Rule Book for Issuers, as well as the Swedish Corporate Governance Code. Loomis shareholders exercise their influence by voting at the general meetings of Loomis AB, which is the Parent Company of the Group. They resolve on the composition of the Board of Directors and the election of auditors based on recommendation from the Nomination Committee. The Board of Directors is responsible for the overall organization and administration of the Company’s affairs. The CEO is responsible for ensuring that the ongoing administration of the Company is in accordance with the Board’s guidelines and instructions. To support its work, Group Management has established steering groups to handle the Group’s management of personal data and information security and also has a Risk Committee.
Loomis’ corporate governance structure is presented in the chart below and more details are presented throughout the corporate governance section of the corporate website.
Operationally, Loomis is structured as a three-line organization and applies the three line model for the division and roles and responsibilities.
Loomis Model
The Loomis Model is the foundation of Loomis’ decentralized business model. It contains our values, management principles and the principles of doing business and conducting our operations with high quality. In 2024, an update of the Loomis Model was released to enhance Loomis’ transformation towards being at the center of the payment ecosystem. The Model follows the concepts of 'We, Know, How'.