The Board's responsibilities
The Board assesses the company’s financial situation on an ongoing basis and makes sure that it is organized such that there are adequate controls on its bookkeeping, fund management and other financial matters.
The Board is responsible for how the company is organized and for administration of the company’s affairs on behalf of the owners.
The Board assesses the company’s financial situation on an ongoing basis and makes sure that it is organized such that there are adequate controls on its bookkeeping, fund management and other financial matters.
Furthermore, the Board sets policies and instructions for how this is to be achieved. It also adopts rules of procedure for the Board and instructions for the CEO. These central governance documents specify how responsibilities and authority are allocated between the Board and its committees, as well as between the Chairman of the Board and the CEO.
The Board appoints the CEO. The Chairman is responsible for evaluating the work of the Board and providing the nomination committee with the results of that evaluation.
*As of June 30, 2024. Shares via Share savings Plan for employees include.