1. The overall tasks and responsibilities of the Board of Directors
The Committee recommends that the Board of Directors discusses and establishes it’s most important tasks related to the overall strategic management as well as the financial and managerial supervision of the company and regularly evaluates the Executive Board’s work.
2. The tasks of the chairman
The Committee recommends that the company prepares a work and task description specifying the tasks, duties and responsibilities of the chairman and of the deputy chairman, if required.
The Committee recommends that the chairman ensures that the special knowledge and competence of each individual member of the Board of Directors is used in the best possible manner in the Board of Directors’ work to the benefit of the company.
The Committee recommends that the company appoints a deputy chairman, who must be able to act in the chairman’s absence and also to act as an effective sounding board for the chairman.
3. Procedures
The Committee recommends that the procedures always match the needs of the company and that all the members of the Board of Directors review the procedures at least once a year for this purpose.
4. Information from the Executive Board to the Board of Directors
The Committee recommends that the Board of Directors establishes procedures for how the Executive Board reports to the Board of Directors and for any other communication between the Board of Directors and the Executive Board with a view to ensuring that such information about the company’s business as required by the Board of Directors is regularly provided to the Board of Directors.