SSAB's organization is characterized by a decentralized work method in which responsibilities and powers are, to a large degree, delegated to the respective divisions and subsidiaries.
The Group's steel operations in 2009 comprised the three divisions, SSAB Strip Products, SSAB Plate and SSAB North America, while trading and processing operations consisted of the subsidiaries, Tibnor and Plannja. At the end of 2009, a decision was taken to change the organization structure in the Group so that, commencing January 1, 2010, the divisions are replaced by three geographic business areas: SSAB EMEA (Europe, the Middle East and Africa), SSAB Americas (North and Latin America) and SSAB APAC (Asia, Australia and New Zealand).
SSAB is listed on Nasdaq OMX Stockholm and complies with its rules and regulations and thereby applies the Swedish Code on Corporate Governance (the "Corporate Code"). SSAB has no deviations from the Corporate Code
to report with respect to 2009.
The corporate governance report for 2009 does not constitute a part of the formal annual report documents and has not been reviewed by the Company's auditors.