Corporate Governance

2. Business purpose

Kitron’s business purpose clause is stated in the company’s Articles of Association.

Kitron’s business purpose is manufacturing and development activities related to electronics. The business includes purchase and sale of shares and companies in the same or related business sectors. The business may also include related consultancy activities and other activities associated with the operation.

The group’s current Ethical Code (Ethical Guidelines, Supplier Guidelines and Anti-Bribery policy) was approved by the Board 27 August 2014. It is based largely on international initiatives and guidelines related to social responsibility, including the ILO conventions.

The company’s main goals and strategies are presented in the Annual Report. It is the board’s opinion that these objectives and strategies are within the scope of the business purpose clause.

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