The Board of Directors has the overall responsibility for the Company and supervision of the Executive Board. The Board of Directors lays down the company policies on business strategy, organisation, accounting and finance, and appoints the members of the Executive Board. According to the Company’s Articles of Association, Directors are elected at the annual general meeting for one year at a time. Directors may be re-elected for several consecutive terms.
The Board of Directors comprises three members. The Company has no staff-elected Directors.