The Board of Directors

The Board of Directors is responsible in accordance with the Swedish Companies Act for the company’s and the Group’s organization, leadership, management and follow-up, and that there is satisfactory control of the accounting, fund management and financial conditions.

The Board supervises and evaluates the President and Group Management’s activities and is responsible for deciding and following up on the Company’s strategies via plans and goals, decisions concerning acquisitions and divestments of companies, major investments, additions and replacements of executives, and ongoing follow-up of the business operations during the year.

The Board also adopts the annual accounts. The Board of Directors ensures that the company’s external information is characterized by transparency and objectivity and establishes guidelines and policy documents for financial operations, information distribution, insider issues and ethical behavior.

The Board’s agenda includes a number of permanent items that are addressed at each Board meeting. These include the Group’s development and position, the business environment, organizational issues, monthly accounts, interim reports, disputes, acquisitions/divestments, significant business decisions and decisions surrounding larger development projects and investments.

Working procedures

Each year the Board of Directors establishes a working arrangement that regulates the Board’s internal division of tasks, the decision-making process within the Board, the Board’s rules of order
and the duties of the Chairman of the Board. The Board’s activities are conducted in accordance with a set procedure that is designed to meet the Board’s needs for information. The Board also issued instructions for the President and an instruction for financial reporting. In accordance with its working arrangement, the Board must review the operations with the auditor at least once a year.