A Swedish code for corporate governance was prepared in 2004, which observes the “follow and explain” principle. Labs² is not covered by the code for corporate governance as the company is listed on First North. The company has therefore decided not to introduce the code but intends to start applying the code in stages. The pace of the code's application will be principally determined by the rise in costs that are related to the code that are justifiable in relation to company sales and results.