1、Corporate governance report 2020H&M Hennes&Mauritz ABH&M Hennes&Mauritz AB is a Swedish public limited company.H&Ms class B share is listed on Nasdaq Stockholm.H&M applies the Swedish Corporate Governance Code(the Code)and has prepared this corporate governance report in accordance with the Annual A

2、ccounts Act and the Code.H&M has applied the Code since 2005.This report,which covers the 2019/2020 financial year,was prepared by the companys board of directors and has been reviewed by the companys auditors.H&M is governed by both external regulations and internal control documents.Examples of ex

3、ternal regulations that apply to corporate governance at H&M:The Swedish Companies Act Accounting legislation including the Swedish Bookkeeping Act and Annual Accounts Act MAR the EU Market Abuse Regulation(596/2014/EU)Nasdaq Stockholm Rules for Issuers The General Data Protection Regulation(GDPR)Sw

4、edish Corporate Governance Code(the Code),which is available atcorporategovernanceboard.se.The Code is based on the principle of“comply or explain”,which means that companies applying the Code may deviate from individual rules provided they give an explanation of the deviation,describe the chosen al

5、ternative and provide the reasons for the deviation.Examples of internal control documents:Articles of association The boards rule of procedure including instructions for the CEO and auditing committee The H&M Way Code of Ethics Code of Conduct:Sustainability Commitment Insider Policy Financial Poli

6、cy Communications Policy Human Rights Policy Tax Policy Whistleblowing Policy Other policies,guidelines and manualsH&Ms corporate governance is value driven,since it is based both on external regulations as well as on our values which,in brief,canbe described as a sound,simple,straightforward,cost-c