Subsequent to the general meeting, the Board of Directors is the Company’s highest decision-making body. The Board of Directors is also the Company’s highest executive body and the Company’s representative.

Furthermore, according to the Swedish Companies Act, the Board of Directors is responsible for the organization of the Company and management of the Company’s affairs, must regularly assess the Company’s and the Group’s financial position and ensure that the Company’s organization is arranged so that the Company’s accounts, asset management, and finances in general are satisfactorily monitored. The chairman of the Board of Directors has a special responsibility to preside over the work of the Board of Directors and to ensure that the board fulfils its statutory duties.

The responsibilities of the Board of Directors include, for example, setting the Company’s overall goals and strategies, overseeing major investments, ensuring that there is a satisfactory process for monitoring the Company’s compliance with laws and other regulations relevant to the Company’s operations, as well as the application of internal guidelines. The Board of Directors also ensures that the Company’s disclosure to the financial markets and investors is transparent, correct, relevant and reliable, and appoints and evaluates the Company’s Chief Executive Officer.