Corporate Governance

Bavarian Nordic remains focused on good corporate governance and have implemented the recommendations of the Committee on Corporate Governance (Komitéen for god selskabsledelse) as the code to follow for companies listed on NASDAQ OMX.

The Company relates to the most recent recommendations which were updated and issued by the committee in 2010.  The current recommendations are found here:

Recommendations of the Committee on Corporate Governance

Executive Management believes that the Company is operated in compliance with the guidelines and recommendations that support the Company's business model and that can create value for Bavarian Nordic's stakeholders. Management monitors regularly and at least once a year adherence to the recommendations on corporate governance in order to ensure the best possible utilisation of and compliance with the recommendations and legislation.

The Company complies with all of the "Recommendations on Corporate Governance" with a few exceptions. Further information is available below.

pdf  Statutory annual corporate governance statement, cf. Section 107b of the Danish Financial Statements Act covering the financial period 1 January to 31 December 2010

pdf  Lovpligtig redegørelse for virksomhedsledelse jf. årsregnskabslovens § 107 b for perioden 1. januar til 31. december 2010

pdf Annual Report 2010 (English version)

pdf Annual Report 2010 (Danish version)