STOCKHOLM, Sweden, Nov. 23, 2005 (PRIMEZONE) -- Atlas Copco won first prize at the premier of the Best Corporate Governance Report annual contest in Sweden. The purpose of the contest is to actively highlight good examples of applying the Swedish Code of Corporate Governance.
After close scrutiny, the jury selected Atlas Copco as the winner on the following grounds: "Atlas Copco was convincing with a well-structured corporate governance report. The report conveys an independent relationship to corporate governance and concisely describes the management of the company, including its objectives and risk management. The section on internal control clearly and pedagogically discloses how the company safeguards financial information."
The prize, which refers to 2004 reports, was awarded during yesterday's Listed Companies Forum 2005 hosted by Ohrlings PricewaterhouseCoopers. Members of the jury were Rune Brandinger, Tor Marthin, Meg Tiveus, and Goran Tidstrom.
For further information please contact: Annika Berglund, Senior Vice President Communications +46 (0)8 743 8070 or +46 (0)70 322 8070
Atlas Copco is an international industrial group with its head office in Stockholm, Sweden. In 2004, the Group had revenues of approximately BSEK 49, with 98% of revenues outside Sweden. The Group has more than 25 000 employees. The Group produces and markets compressed air equipment and generators, construction and mining equipment, industrial tools, and assembly systems and offers related service and equipment rental. The Atlas Copco Group includes famous brands such as Atlas Copco, RSC Equipment Rental, and CP. More information can be found on atlascopco.com.
This information was brought to you by Waymaker.
The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=155176&fn=wkr0001.pdf
-0-