About the Board’s duties

The Board is appointed by the general meeting, normally the Annual General Meeting. The Board acts in compliance with the Swedish Companies Act and the company’s articles of association, and bears ultimate responsibility for the company’s organizational structure and administration. The Board's deliberations and decisions are intended ultimately to promote the shareholders' interest in value growth and returns on investment.

It is the Board’s duty to monitor the company’s development and financial position, establish strategies, business plans and budgets, and financial statements. The Board’s responsibilities include appointing the Chief Executive Officer and deciding on significant changes in the organizational structure and operations. The Board is also responsible for ensuring that the company exercises satisfactory control over its financial situation and that information on the company's financial development and its development in other respects is communicated correctly in interim reports.