Board of Directors

This constitutes a deviation from the Swedish Code of Corporate Governance, which specifies that at least two Board members shall be independent from the company’s owners. The reason for the deviation is that this guideline primarily applies to listed companies with spread ownership.

According to the articles of association, the company’s Board of Directors shall, to the extent it is appointed by the AGM, consist of at least five and at most eight members without deputy. In addition to the Board members appointed by the AGM, the Board also consists of two employee representatives. These are appointed by the trade unions represented in the company.