Corporate governance

Corporate governance 

A key feature of the Trelleborg Group’s culture and core values is effective corporate governance with the purpose of supporting the Board of Directors and management in their efforts to increase customer benefits and achieve greater value and transparency for shareholders.
Get access to our Corporate Governance reports from 2006 on our Application of the code page

Governance model

The responsibility for management and control of the Trelleborg Group is distributed between the shareholders, the Board of Directors, its elected committees and the President, as illustrated below. 

Corporate governance

Accounting principles

General accounting policies

The Parent Company, Trelleborg AB (publ) is a limited liability company with its registered office in Trelleborg, Sweden. The Parent Company is listed on Nasdaq Stockholm. The Board of Directors resolved to adopt these consolidated financial statements for publication on February 20, 2020.

Basis of preparation

The Trelleborg Group’s financial statements have been prepared in accordance
with the Swedish Annual Accounts Act, RFR 1 Supplementary Accounting Rules for Corporate Groups and the International Financial Reporting Standards (IFRS) and IFRIC interpretations, as approved by the EU.

The Group’s financial statements have been prepared in accordance with
the cost method, with the exception of certain financial instruments that
were measured at fair value.

The Parent Company applies the same accounting policies as the Group, except in the instances stated below under “Parent Company’s accounting policies.” The differences arising between the Parent Company and the Group’s accounting policies are attributable to limitations on the ability to apply IFRS in the Parent Company, primarily as a result of the Swedish Annual Accounts Act.

Amendments to IAS 1 Presentation of Financial Statements are being made within the framework of the IASB’s Disclosure Initiative, a project aimed at improving disclosures in financial statements. The amendments clarify a number of issues, including materiality, separate disclosure and subtotals, and the order of notes. For Trelleborg, this has involved a rearrangement of the note structure, with certain applicable accounting policies presented under the respective notes since 2016. In addition, general accounting policies were applied that are presented below. These policies were applied consistently for all years presented, unless otherwise stated.

Articles of Association 

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Annual General Meeting 

The Annual General Meeting of Trelleborg AB (publ) was held on April 23, 2020, at 5:00 p.m. in Parken in Trelleborg, Sweden.

Board of Directors and Auditors 


Internal Control

Internal Control

Trelleborg has defined internal control as a process that is influenced by the Board of Directors, the Audit Committee, the President, Group Management and other employee.

Risk Management

All business activities involve risk. Risks that are effectivly managed may lead to opportunities and value creation, while risks that are not managed correctly could result in damage and losses. 

UK Compliance

Tax strategy

Trelleborg’s tax strategy for the UK as set out by Paragraph 19(2) and 22(2) of Schedule 19 to Finance Act 2016.  

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S.172 document

Trelleborg’s report on how the directors have carried out their S.172 duties under both the Companies Act and the UK Corporate Governance Code for entities within the Trelleborg Group based in the UK.  

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Organization and group management