Work of the Board of Directors

After the general meeting, the board of directors is Nordisk Bergteknik’s highest decision-making body. The board of directors is also the company’s highest executive body.

The Board’s main responsibility is to manage Nordisk Bergtekniks’ business in the best interests of the company and shareholders, as well as to safeguard and promote a good corporate culture. The Board is also responsible for the organisation and management of the Group. The Board continuously assesses Nordisk Bergtekniks’ financial position and ensures that the company’s financial position can be adequately verified. The Board of Directors decides on issues related to the Group’s strategic direction and organisation, and decides on key acquisitions, investments, and disposals.

The Chairman of the Board of Directors has a special responsibility to ensure that the work of the Board of Directors is well organised and conducted efficiently, and that the Board of Directors fulfils its duties and obligations. The Chairman of the Board of Directors organises and leads the work of the Board of Directors, is responsible for contacts with the owners in ownership matters and ensures that the work of the Board of Directors is evaluated annually.

The Board of Directors continuously evaluates the work of the CEO and Group Management. Before every AGM, and based on proposals made by the Remuneration Committee, the Board of Directors prepares proposals for guidelines for remuneration to the CEO and other senior executives. The basis for the Board´s work relies on the rules of procedure for the Board of Directors, the CEO instructions, and the principles for division of work between the CEO, Chairman of the Board, the Board of Directors, and various committees established by the Board of Directors. The Board’s rules of procedure and the CEO instructions are revised and updated annually.

 
Committees

The Board has the right to establish committees in a certain area with the task that the committee shall prepare and in certain cases decide on specific issues. The Board’s responsibility for the decisions handled within the committee still remains. If there are committees for specific issues established by the Board, the Board’s rules of procedure must state which tasks and which decision-making power the Board has delegated to the committees, as well as how the committees must report to the Board.

The Board has decided to establish an audit committee in accordance with the Swedish Companies Act and a remuneration committee in accordance with the Code and has adopted rules of procedure for the committees.

Our committees

We have two committees. An audit committee and a remuneration committee.

Composition of the board

The Board currently consists of five members who are appointed at the General Meeting.