Work of the Board of Directors
The Board is appointed by the Annual General Meeting. According to the Swedish Companies Act, the Board is responsible for the Company’s organization and the management of the Company’s affairs.
The Board of Directors manages Corem on behalf of the owners by setting goals and strategy, evaluating the operational management and ensuring routines and systems for following up the established goals. This means, among other things, that the Board must continuously assess the Company’s financial situation and ensure that the Company’s financial conditions are controlled in a reassuring manner.
The Board shall also appoint the CEO and review that the CEO fulfills his obligations and determines his salary and other remuneration. It is also the Board’s responsibility to ensure that the correct information is provided to Corem’s stakeholders, that Corem complies with laws and regulations and that the Company develops and implements internal policies and ethical guidelines.
For its work, the Board of Directors of Corem has established rules of procedure and instructions for the CEO, in which the commitments of the Board and the CEO, respectively, and the division of work between them are regulated. The instructions for the CEO set out, among other things, restrictions on which agreements the CEO can enter into.
The main issues for the board’s work are:
- Acquisitions and divestments
- Adoption of policies
- Financial reporting
- Strategy and future issues