The Board of Directors makes decisions regarding the Group’s strategy, interim and annual reports, major construction projects, investments and divestments, appointment of the President and CEO and the organizational structure of the Group.
The Chairman leads the Board in its work and has regular contact with the President and CEO in order to stay informed about the Group’s activities and development.
The Board has established three committees to provide structure, improve efficiency and ensure the quality of its work: the Audit Committee, the Compensation Committee and the Project Review Committee. In its Procedural Rules, the Board has specified the duties and decision-making powers delegated by the Board to its committees. All committees report orally to the Board at each meeting in accordance with the routines stipulated in the Procedural Rules. Read more at Work of the Board.
Composition of the Board
According to the Articles of Association, the Board of Directors is to consist of no fewer than five and no more than ten members, all of which are elected by the shareholders at each Annual General Meeting.
Detailed information about the individual Board members is provided on Board of Directors.
Independence of Board members
According to the Swedish Corporate Governance Code the majority of the Board’s AGM-elected members are to be independent in relation to the company and its senior executives and at least two members are to also be independent in relation to the largest shareholders in the company. All of the board members elected by the Annual General Meeting 2023 are independent in relation to the Company and its senior executives. Of these, six members are also independent in relation to the Company´s largest shareholders.