Work of Enity Holding AB’s board
The duties of the Board of Directors are set forth in the Swedish Companies Act, the Company’s Articles of Association and the Code. In addition, the work of the Board of Directors is governed by rules of procedure for the Board of Directors. The rules of procedures for the Board of Directors govern, among other things, the division of work and responsibility between the Board of Directors, its Chair and the CEO, and specify financial and sustainability reporting procedures for the CEO. The Board of Directors also adopts instructions for the Board committees.
The Board of Directors is responsible for the organisation of Enity and the management of the Company’s affairs. The Board of Directors’ tasks include adopting strategies, targets, business plans, budgets, interim reports, year-end financial statements and policies. The Board of Directors is also required to monitor the Company’s financial performance and ensure that the Company has good internal controls, including formalised routines to ensure that approved principles for financial and sustainability reporting and internal controls are applied and that financial and sustainability reporting is prepared in accordance with legislation, applicable accounting standards and other requirements for listed companies. Moreover, the Board of Directors is to ensure that there is a satisfactory process for monitoring Enity’s compliance with laws and other regulations relevant to the business, as well as the application of internal guidelines, and to evaluate Enity’s business on the basis of the objectives and policies set by the Board of Directors.
The Board of Directors is also tasked with identifying how sustainability matters affect the Group’s business opportunities and risks as well as identifying the Group’s impact on sustainability matters and how such matters affect the Group’s development, position and performance. In addition, the Board of Directors is responsible for regularly evaluating the work of the CEO. Furthermore, the Board of Directors decides on major investments and changes in the organisation of the Group. The Chair of the Board of Directors leads and organises the work of the Board of Directors, ensures that the Board of Directors fulfils its tasks and ensures that the Board of Directors’ decisions are implemented. The Chair of the Board shall, together with the CEO, monitor the Company’s performance and prepare and chair Board Meetings. The Chair is also responsible for ensuring that the Board members evaluate their work each year and continuously receive the information necessary to effectively perform their tasks. The Chair represents the Company in relation to its shareholders.