The main task of the Board is to manage Electrolux Professional’s operations in such a manner as to assure the owners that their interests, in terms of a long-term good return on capital, are being met in the best possible manner.
The Board’s work is governed by rules and regulations including the Swedish Companies Act, the Articles of Association, the Swedish Corporate Governance Code and the working procedures established by the Board.
The Board deals with and decides on group-related issues such as:
- Main goals.
- Strategic orientation.
- Essential issues related to financing, investments, acquisitions and divestments
- Follow-up and control of operations, communication and organization, including evaluation of the Group’s operational management.
- Appointment of and, if necessary, dismissal of the President.
- Overall responsibility for establishing an effective system of internal control and risk management.
The work of the Board of Directors follows an annual agenda established in the Board’s Procedural Rules. In preparation for each Board meeting, the Board receives reports and documentation compiled according to established procedures.
The Chairman leads and organizes the work of the Board, ensures that the Board fulfils its tasks and ensures that the Board’s decisions are implemented. The Chairman’s other responsibilities include forwarding the owners’ opinions to the Board of Directors.