Enity Holding AB has five members of the Board, who all have long and broad experiences within banking and financial services. All Board members are appointed by the shareholders at the Annual General Meeting (AGM) for a term of one year, until the end of the next AGM. There are no employee representatives on the Board.
Members of the Board
The Chairman of the Board organises and directs the Board’s work. Members of management and specialists attend as required to provide the Board with information, or if requested by the Board.
Board responsibility and accountability
The Board has adopted rules that regulate its role, as well as specific instructions for the Board Committees. The Board establishes financial goals and strategies, appoints, dismisses and evaluates the Chief Executive Officer, ensures that there are effective systems for monitoring and control of accounting, cash management and other activities, and that laws and regulations are followed and ensure an open and proper disclosure.
The overall responsibility of the Board cannot be delegated. However, the Board Committees monitor, prepare, and evaluate issues in their respective areas for decision by the Board.
Board composition and competence
The Board members have broad and extensive experience in the banking and finance sector, with the majority having held senior positions in the industry in countries such as Sweden and the United Kingdom.
To ensure the Board’s expertise and composition, members undergo an annual evaluation in accordance with applicable regulations. For each new appointment, an internal suitability assessment of the nominated member is conducted to confirm they are suitable for the role and possess the necessary qualifications. Additionally, a separate external assessment is performed by the Swedish FSA.