The Board of Directors of Odd Molly acts primarily in compliance with Swedish law, in particular the Swedish Companies Act (2005:551). In its operations, the company at the same time complies with the provisions stipulated in Odd Molly’s Articles of Association. The Board of Odd Molly has established rules of procedure for its work, an instruction on the delegation of responsibilities between the Board and the President, which clarifies her duties and reporting obligations, and instructions on financial reporting. The rules of procedure are reviewed annually. Companies with a market capitalization exceeding SEK 3 billion which are listed on the Nordic Exchange must apply the Swedish Code of Corporate Governance (“the Code”). Since its share is traded on First North and its market capitalization is less than SEK 3 billion, Odd Molly is not obligated to follow the Code. In cases where the Code is binding for Odd Molly, it will follow the Code.