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24 CORPORATE GOVERNANCE Bisnode’s organisation, with operations in 17 countries, makes clear and well implemented corporate governance an important platform for the Group. In the Bisnode Group, governance, management and control are divided between the shareholders, Board of Directors, ceo, executive management team and managing directors of the operating companies. Corporate governance is regulated by Swedish law, primarily by the Swedish Companies Act, and by the rules and recommendations issued by relevant organisations. The Board of Bisnode Business Information Group has established requirements for all companies in the Group for corporate governance, including both a mandatory section and a section that is strongly recommended. Bisnode’s organisation, consisting of many independent companies in 17 countries, makes the Group heavily reliant on the use of sound internal control systems and procedures, as well as on compliance with these procedures. Work of the Board of Directors In 2010 Bisnode’s Board of Directors held eight scheduled meetings. The primary tasks of the Board of Directors are to: • Formulate and adopt Bisnode’s strategy for attaining its overall operating goals. • Review and adopt Bisnode’s annual budget. • Review and submit Bisnode’s annual report. • Report and propose the allocation of profit/loss to the Annual General Meeting. • Review and monitor Bisnode’s financial development and business situation. Aside from follow-up of business operations, the Board devoted much of its time in 2010 to discussing Bisnode’s upcoming acquisitions and divestitures. Bisnode played an active role in the consolidation of the market for business information during the year. Board committees Bisnode has two board committees: a Compensation Committee and an Audit Committee. Compensation Committee The Compensation Committee consists of Håkan Ramsin (Committee Chairman), Henrik Joelsson and C. W. Ros. The main tasks and responsibilities of the Committee are to: • Discuss the Board’s proposal for resolution by the Annual General Meeting regarding principles for compensation to senior executives according to the Swedish Companies Act. The principles approved by the agm shall constitute the framework for the compensatory forms and levels discussed and decided on by the Compensation Committee. • Discuss matters related to general option and bonus programs in terms of scope, conditions and allocation, according to proposals from the ceo or the Board of Directors. • Discuss matters related to the ceo’s employment contract, salary and other benefits prior to decision by the Board of Directors, and recommendations to the Board of Directors in these areas. • Discuss, and in consultation with the ceo, decide on matters related to the employment contracts, salaries and other benefits of other senior executives. The Committee shall continuously inform the Board of Directors when such decisions have been made. • Propose principles for compensation to members of the Board of Directors for any assignments on behalf of Bisnode beyond those which are consistent with normal Board responsibilities. Audit Committee The Audit Committee consists of Henrik Joelsson (Committee Chairman), Håkan Ramsin and Jonas Nyrén. The task of the Audit Committee is to ensure credibility, control and high quality in the company’s financial reporting. The committee’s main areas of responsibility are to: • Supervise the Board of Directors’ efforts to assure the quality of Bisnode’s financial reporting. This quality assurance shall normally take place through examination of all critical accounting processes and financial reports published by Bisnode. Among other tasks, it is assumed that the Committee shall deal with matters related to internal control, regulatory compliance, events after the balance sheet date, changes in estimates and judgments and other issues that could affect the quality of the financial reports. • Maintain continuous contact with Bisnode’s auditor to stay informed about the focus and scope of the audit and to discuss coordination between the independent and internal audits and assessment of Bisnode’s risks. • Establish guidelines for the non-audit services that Bisnode may procure from the company’s auditor. • Evaluate the auditor’s performance.
Lobke DeSTRooPeR Account mAnAger 25 financial inforMaTion Directors’ report 26 Consolidated income statement 28 Consolidated statement of comprehensive income 28 Consolidated statement of financial position 29 Consolidated statement of changes in equity 30 Consolidated statement of cash flow 31 Parent Company income statement 32 Parent Company statement of comprehensive income 32 Parent Company statement of financial position 33 Parent Company statement of changes in equity 34 Parent Company statement of cash flow 35 Accounting policies and notes 36 Note 1. General information 36 Note 2. Summary of significant accounting policies 36 Note 3. Financial risk management 40 Note 4. Critical accounting estimates and judgements 41 Note 5. Operating segments 42 Note 6. Other operating income 43 Note 7. Board members and senior executives 43 Note 8. Average number of employees. Average number of Board members, CEO and senior executives 43 Note 9. Wages, salaries and other remuneration – Group 44 Note 10. Compensation to Board members and senior executives 45 Note 11. Wages, salaries and other remuneration – Parent Company 45 Note 12. Fees to auditors 45 Note 13. Results from participations in group companies 45 Note 14. Financial income 45 Note 15. Financial expenses 46 Note 16. Income tax expense 46 Note 17. Intangible assets 46 Note 18. Property, plant and equipment 48 Note 19. Available-for-sale financial assets 49 Note 20. Deferred tax assets and liabilities 49 Note 21. Participations in group companies 50 Note 22. Trade and other receivables 52 Note 23. Inventories 52 Note 24. Cash and cash equivalents 52 Note 25. Borrowings 52 Note 26. Provisions for pensions 53 Note 27. Other provisions 54 Note 28. Trade and other payables 54 Note 29. Derivative financial instruments 54 Note 30. Accrued expenses and deferred income 55 Note 31. Reserves 55 Note 32. Finance leases 55 Note 33. Operating leases 55 Note 34. Related party transactions 56 Note 35. Contingent liabilities and pledged assets 56 Note 36. Share capital 56 Note 37. Earnings per share 56 Note 38. Business combinations 57 Note 39. Sale of subsidiaries 59 Note 40. Discontinued operations 59 Note 41. Events after the balance sheet date 60 Audit report 61
Page 1 and 2: annual report 2010 Bisnode Business
Page 3: WHAT WE DO Bisnode is a leading pro
Page 6 and 7: 6 WHERE WE ARE TODAY Bisnode operat
Page 8 and 9: 8 TRENDS iN OUR iNDUSTRY An increas
Page 10 and 11: 10 CREDiT SOLUTiONS Bisnode offers
Page 12 and 13: 12 MARKETiNG SOLUTiONS Bisnode is o
Page 14 and 15: 14 BUSiNESS iNFORMATiON SOLUTiONS B
Page 16 and 17: 16 iT’S ALL ABOUT PEOPLE Talent i
Page 18 and 19: 18 claudine knop managing direCtOr
Page 20 and 21: 20 REGiONS AND BUSiNESS AREAS Bisno
Page 22 and 23: 22 region dach eckhard geulen regiO
Page 26 and 27: 26 DirecTors’ reporT The Board of
Page 28 and 29: 28 consolidated income statement SE
Page 30 and 31: 30 consolidated statement of change
Page 32 and 33: 32 parent company income statement
Page 34 and 35: 34 parent company statement of chan
Page 36 and 37: 36 accounTinG policies anD noTes no
Page 38 and 39: 38 asset’s carrying amount exceed
Page 40 and 41: 40 2.23 Cash flow statement The cas
Page 42 and 43: 42 note 5. operating segments Opera
Page 44 and 45: 44 note 9. Wages, salaries and othe
Page 46 and 47: 46 note 15. financial expenses Grou
Page 48 and 49: 48 note 18. property, plant and equ
Page 50 and 51: 50 note 21. participations in group
Page 52 and 53: 52 note 22. Trade and other receiva
Page 54 and 55: 54 note 27. other provisions Group
Page 56 and 57: 56 note 34. related party transacti
Page 58 and 59: 58 2009 Date of acquisition share o
Page 60 and 61: 60 note 40. Discontinued operations
Page 62 and 63: 62 BoarD of DirecTors anD auDiTors
Page 64 and 65: 64 suBsiDiaries Bisnode operates in
Page 66 and 67: 66 five-year suMMary SEK millions 2
Page 68: Mailing address: Bisnode, S168, SE-

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