Board of directors

Work of the Board

The duties of the Board of directors are outlined in the Companies Act, the company’s articles of association and the Swedish Corporate Governance Code which the company will apply from 1 of July 2019. The work and work methodology of the Board is established annually in written instructions for the Board.

The instructions for the Board of directors govern, among other things, the frequency and agenda of the board meetings, division of work and responsibility between the Board of directors, its chairman, and the CEO, and specify financial reporting procedures for the CEO. The Board of directors also adopts instructions for the board committees.

The Board of directors’ tasks includes adopting strategies, business plans, budgets, interim reports, year-end financial statements, and policies. The Board of directors is also required to follow the economic developments and ensure the quality of financial reporting and internal controls including compliance with laws and other rules as well as to evaluate operations based on the objectives and policies set by the Board of directors. The Board of directors is also required to establish policies for the company’s behavior in society in order to ensure its long-term value-generating ability. In addition, the Board of directors is responsible for regularly evaluating the work of the CEO.

Furthermore, the Board of directors decides on significant investments and changes in the organization and operations of the group. The chairman of the Board of directors leads and organizes the work of the Board, ensures that the Board fulfills its tasks and ensures that the Board’s decisions are implemented. The chairman of the Board of directors shall, together with the CEO, monitor the company’s performance and prepare and chair board meetings. The chairman is also responsible for ensuring that the board members evaluate their work each year and continuously receive the information necessary to perform their tasks effectively. The chairman represents the company in relation to its shareholders.

Currently, Speqta’s Board consists of seven members.

Remuneration Of The Board

The Annual General Meeting on 25 May 2022 resolved on remuneration to the board of directors of SEK 850,000 in total, of which SEK 480,000 to the chairman of the board of directors and SEK 150,000 each non-employee members of the board of directors elected by the Annual General Meeting. The fee for work in the audit committee shall amount to SEK 40,000 for the chairman and SEK 30,000 to each of the other members. The fee for work in the remuneration committee shall amount to SEK 35,000 for the chairman and SEK 25,000 to each of the other members. The AGM also resolved that as in the previous year, auditors’ fees are payable in accordance with approved account pursuant to customary billing terms.

Work of the Board

Currently, Speqta’s Board consists of seven members.