Corporate Governance
Elos AB’s Board of Directors comprises six members and one deputy member elected by the Annual General Meeting. The President is a Board member.
In accordance with the provisions of the Swedish Companies Act, the Board establishes a work procedure each year containing instructions regarding the distribution of work within the Board, distribution of responsibility between the Board and the President and the financial reporting to the Board. During the 2009 fiscal year, in addition to the statutory meeting, the Board held six ordinary meetings. At these meetings, the Board addressed points specified for each meeting such as the current status of business, the budget, year-end financial statements and interim reports. In addition, such issues are investments, structural and organizations changes were addressed.
Within the Board, there is a Remuneration Committee and an Audit Committee. The Remuneration Committee discusses and decides on remunerations to the President and to the senior executives who report directly to the President. The Remuneration Committee includes Stig-Arne Blom, Lars Spongberg and Thomas Öster. The Audit Committee comprises Stig-Arne Bloom, Agneta Bengtsson Runmarker and Erik Löwenadler.
