The board of directors applies the written rules of procedure, which are revised annually and adopted by the inaugural board meeting every year.

Working instructions

Among other things, the rules of procedure govern the practice of the board of directors, functions and the division of work between the members of the board of directors and the CEO. At the inaugural board meeting, the board of directors also adopts instructions for the CEO, including instructions for financial reporting.

Meeting schedule

The board of directors meets according to an annual predetermined schedule. In addition to these meetings, board meetings can be convened to handle issues which cannot be postponed until the next ordinary board meeting. In addition to the board meetings, the chairman of the board of directors and the CEO meet continuously to discuss the management of the Company.