Corporate governance

LKAB is a public limited company, wholly owned by the Swedish state.
   The owner’s overall goal is the creation of value and, in appropriate cases, to ensure that expressed societal interests are fulfilled.
   LKAB, which in its role is not subject to the latter provision on "expressed societal interests", will develop a successful business operation by mining, processing and marketing minerals.
   The state exercises its ownership via an established ownership policy, nominations to the Board and requirements for financial and other reporting. 
   The state’s requirement of insight is assured by direct owner representation on the Board.