Board of Directors |  | The Board of Directors shall consist of at least four and not more than nine members with no more than two deputy members. The members are elected on an annual basis at the Annual General Meeting for the period lasting up until the close of the next Annual General Meeting. The work of the Board is led by the Chairman of the Board who is also responsible for keeping the other members of Board fully informed.
The main duties of the Board of Directors are to;
- determine strategy, business plan and budget, interim reports and annual accounts,
- follow up the economic developments in the Parent Company and the portfolio companies,
- appoint, supervise and dismiss the President,
- make decisions about overall changes in Ledstiernan´s organization and about remuneration for the President and the framework for remuneration for the remaining staff,
- make decisions about investments and divestments within the portfolio companies and
- ensure that there are adequate checks on the Company´s observance of laws and other regulations.
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