The tasks of the Board are regulated in the Swedish Companies Act and the Articles of Association. The work of the Board is regulated by working practices adopted by the Board each year.
The procedural rules of the Board also regulate the distribution of work and responsibilities between the Board, the Chairman of the Board, and the CEO. The rules also include procedures for financial reporting by the CEO to the Board.
Composition of the Board
In accordance with the Articles of Association, AAK’s Board of Directors shall consist of at least three and at most ten members. Board members are elected annually by the Annual General Meeting for the period until the next Annual General Meeting.
In accordance with legislation, employee organizations have a right to be represented on the Board, and have appointed two ordinary members and two deputies.