1、P.1Corporate governance report 2022 H&M Hennes&Mauritz ABSound corporate governance ensures that companies are managed as sustainably,responsibly,and efficiently as possible in the interests of their shareholders.At H&M Hennes&Mauritz AB(H&M)this means compliance with external regulations and that,v

2、alues,global policies,and guidelines are important tools.The Code of Ethics,which is signed by all colleagues who interact with business partners,clearly states the approach of H&M when doing business.H&M operates in many markets that have different challenges,and where laws,environmental requiremen

3、ts and social conditions may differ.These varied contexts underline the importance of acting consistently and with a strong ethical compass.H&M Hennes&Mauritz AB is a Swedish public limited company.H&Ms class B share is listed on Nasdaq Stockholm.H&M has applied the Swedish Corporate Governance Code

4、(the Code)since 2005.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 alternative and provide the reasons for the deviation.The code is availa

5、ble at corporategovernanceboard.se.This report,which covers the financial year 1 December 2021 to 30 November 2022 hereafter referred to as the 2022 financial year was prepared in accordance with the Code and the Swedish Annual Accounts Act by the companys board of directors.It has been reviewed by

6、the companys auditors.External and internal governanceH&M is governed both by external regulations and internal control documents.Examples of external regulations are:Accounting legislation including the Swedish Bookkeeping Act and Annual Accounts Act MAR the EU Market Abuse Regulation Nasdaq Stockh