Investor Relations

The composition of the Board of Directors shall ensure diversity and that the Board of Directors has the right competencies to perform its duties and achieve the Company’s objectives. Current competencies required of and possessed by the Board of Directors includes strategic, sales, legal, financial, IT/SaaS and HR. The required qualifications of the members of the Board of Directors are reviewed on an annual basis at a minimum.

Board of Directors self-evaluation

At least once a year, the Board of Directors performs a self-evaluation, which is focused on the performance, composition, and competencies of the Board of Directors. In connections with the evaluation the following issues are also considered; diversity, results, cooperation, the role of the chairman, internal organization of work within the Board of Directors and cooperation with the Executive Management, participation in and contribution to board meetings, and the quality of material provided to the Board of Directors. The chairman of the Board of Directors is heading the self-evaluation process. Upon completion, the results of the self-evaluation is discussed by the Board of Directors. The current composition of the Board of Directors is considered to have the right competencies supporting the short- and long-term goals of the Company and the long-term value creation for the Company’s shareholders.