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HL Display’s Board of Directors consists of eight members elected by
the Annual General Meeting of shareholders, as well as two members
and one deputy elected by the employees. The chairman of the Board
is elected by the Annual General Meeting of shareholders. At the
Annual General Meeting on April 2, 2008, Anders Remius was
reelected Chairman of the Board.
Members of the Board include people who have an association
with HL Display’s major shareholders, and also people who are independent
of the owners. As a rule the Board meets six times a year,
with additional meetings as required. The Board held eleven Board
meetings during the financial year 2007. The dates of Board meetings
are confirmed in connection with the inaugural Board meeting.
Certain Board meetings coincide with the dates for financial information.
These are the quarterly, half-yearly and year-end accounts.
The Board’s work follows an annual presentation plan with special
topics and fixed decision-making points.
A normal agenda for a Board meeting contains:
– Review of the minutes of the previous meeting
– The CEO’s report on operations
– Finance
– Boards basic data for decision-making
– Any other business
Rules of procedure
The Board’s work is regulated by a set of specially drawn up rules of
procedure. Put briefly, the rules of procedure mean that the Board of
Directors is responsible for the company’s organisation and administration
of the company’s affairs. The Board must make sure that
the company’s organisation is structured so that bookkeeping, fund
management and the company’s financial situation in general is managed
in a secure way. The Board must on an ongoing basis monitor
the company’s and the Group’s financial situation, which is reported
monthly, so that the Board can perform its duty of evaluation pursuant
to the law, listing rules and best practice for Boards of Directors.
Generally the Board deals with matters of significant importance
for the Group, such as:
– Strategic plans
– Marketing plans
– Product planning
- Mergers and acquisitions of business
- Mergers and acquisitions of other significant asset
Instructions
The Board has issued special instructions on the responsibilities and
authority of the CEO of HL Display. The Board has also drawn up special
reporting instructions for the management.
Evaluation of the Board’s work
The Board have since 2006, a new method for
evaluating the Board’s work. Evaluation is based on an anonymous
survey among the Board members, which deals with issues such as
the Board’s composition, working procedures and responsibilities.
The survey is put together and evaluated by an external party.
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