Corporate governance is a term that describes the framework of operations and supervision of the Company. Its objective is to create long-term economic value for shareholders. Ericsson Nikola Tesla's Managing Director and Supervisory Board continuously support the observance of fundamental principles of corporate governance to ensure the protection of shareholders' rights and equality, business transparency and responsibility towards all stakeholders. Ericsson Nikola Tesla pays great attention to timely and objectively informing the community about its activities and business results, and nurtures the positive image of a company which implements a Code of Ethics.
The principles of corporate governance in Ericsson Nikola Tesla, which the Company adopted in April 2005, are based on the Republic of Croatia’s legislature and recommendations made by the OECD principles for corporate governance and they clearly define the rights and obligations of the Managing Director, Supervisory Board and shareholders.