Board Meetings

 

The Chairman of the Board is responsible for calling Board meetings and for running the meetings. The CEO, Chairman of the Board or other person designated by the CEO presents matters for consideration at Board meetings. As is stated in the Board’s Rules of Procedure, the CEO is responsible for ensuring that the Board receives sufficient information about the company’s business operations and financial situation to make decisions. At its meetings the Board regularly considers reports on the Group’s financial performance and operations presented by the CEO.

The Board of Directors met 18 times in 2019. Calculated on the basis of the number of meetings and the number of members present, the average attendance of members at Board meetings was 85 per cent.