Board
Board of Directors
Soltech Energy Sweden AB (publ) is a Swedish public limited liability company and is regulated under Swedish law, primarily the Swedish Companies Act (2005:551) and the Annual Accounts Act (1995:1554) as well as Nasdaq Stockholm’s rule book for issuers. In addition to legislation and general rules and recommendations, the Articles of Association, rules of procedure for the Board of Directors and committees, instructions for the CEO and policies and other guidelines are also central documents regarding the governance of the company.
The board’s responsibility
The Board’s primary task is to safeguard the interests of the company and its shareholders. Soltech’s Board of Directors has the overall responsibility for the company’s organization and management and that guidelines for the management of the company’s funds are appropriately structured and complied with. The Board is also responsible for establishing and evaluating Soltech’s overall, long-term strategies and goals, establishing the budget and business plans, reviewing and approving decisions, adopting overall guidelines, making decisions on matters relating to acquisitions and divestments of businesses, and deciding on major investments and significant changes in Soltech’s organization and operations. The tasks also include ensuring that the parent company’s disclosure to the market is characterised by transparency and is correct, relevant and reliable, as well as appointing and evaluating the CEO.
Composition and independence of the Board of Directors
The Board of Directors is elected by the Annual General Meeting for the period until the next Annual General Meeting. The Board of Directors shall consist of a minimum of three and a maximum of seven members elected by the Annual General Meeting.
