The “Governance” section below will take effect from the First North listing.
Nordic Lights Group Corporation is a Finnish public limited company and its shares are listed on the Nasdaq First North Growth Market Finland marketplace. Nordic Lights Group Corporation is domiciled in Pietarsaari, Finland.
The duties and responsibilities of the executive bodies are defined according to the Finnish laws. The Company’s decision-making and corporate governance comply with the Company’s Articles of Association, the Finnish Companies Act (624/2006, as amended), Securities Markets Act (746/2012, as amended), Market Abuse Regulation ((EU) No 596/2014) and the regulations, guidelines and recommendations issued by the authorities and Nasdaq Helsinki Ltd, including the Nasdaq First North Growth Market Rulebook.
The Company is not obligated to comply with the Finnish Corporate Governance Code maintained by the Securities Market Association. However, the Company’s goal is to voluntarily comply with the Corporate Governance Code, excluding the reporting obligations.
The group consists of its parent company Nordic Lights Group Corporation and subsidiaries Sponbeam Ltd and Nordic Lights Ltd in Finland, Herrmans Nordic Lights GmbH in Germany, Nordic Lights NA, Inc. in the United States and Nordic Lights (Suzhou) Co. Ltd in China. In addition, there are two dormant subsidiaries, Nordic Lights APAC Singapore ja Sandsund Lights Oy in the group.