The Board of Directors has overall responsibility for the company’s organisation and the management of the company’s affairs in accordance with the company’s and shareholders’ best interests.
The Board of Directors is responsible for ensuring that applicable rules are complied with and that the company has effective control systems in the decentralised organisation. A balance between risk and control is sought. The Board of Directors continuously evaluates the Group’s growth and profitability targets as well as financial, social and environmental risks.
The Board of Directors prepares instructions and guidelines for the CEO. The Board of Directors has adopted rules of procedure which, among other things, specify the items to be discussed at ordinary Board meetings and specify the division of work between the Board and the CEO.
In accordance with the provisions of the Code, the Board has established an audit committee and a remuneration committee. The external auditor reports on his observations to the Board in their entirety once a year.