Corporate governance

IAR Systems Group AB is a Swedish public limited company domiciled in Stockholm, Sweden. In 2010 the Group conducted operations in Sweden, Norway, Denmark, Finland, Germany, England, France, the US, Japan and China. The IAR Systems Groups share is quoted on the Small Cap list of the NASDAQ OMX Nordic Exchange Stockholm.

Corporate governance in the Parent Company and the Group is regulated among other things by the Articles of Association, the Swedish Companies Act and the rules of the Stockholm Stock Exchange, which for IAR Systems Group AB includes application of the Swedish Code of Corporate Governance ("the Code").

In accordance with the Swedish Companies Act and the Swedish Code of Corporate Governance, the Board of Directors is responsible for ensuring that the company has satisfactory internal control, for staying informed about the company's internal control system and for evaluating the effectiveness of this system.

Board of Directors, IAR Systems Group