Board of Directors
The Chairman’s duties are outlined in both of the Swedish Companies Act and the Board’s Rules of Procedure.
The Chairman heads the work of the Board and is responsible for ensuring that other board members receive adequate information.The Chairman participates when necessary in important external contacts. Each year, the Board establishes its Rules of Procedure, based on the supporting document for rules of procedure in state owned companies issued by the State Enterprises Division of the Ministry of Enterprise, Energy and Communications.Apart from mandatory items pursuant to the Swedish Companies Act, the Rules of Procedure regulate such things as the Chairman’s duties, information to the Board, the form of board meetings, and evaluation of the work of the Board and the CEO. Matters to be dealt with by the Board are stipulated by the Swedish Companies Act and the Board’s Rules of Procedure. The main duties of the Board, apart from appointing the CEO and deputy CEO, are to establish the strategic direction ofoperations, approve major investments, acquisitions and substantial organisational changes in the Group, and to establish central policies and instructions. In addition, the Board oversees the Company’s financial development and has ultimateresponsibility for internal control and risk management.
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