Board
The Board’s role is to manage the company’s business in the best possible way and in its work protect the interests of the company and its shareholders. In accordance with the Articles of Association of Ahlstrom, the Board shall consist of a minimum of four and a maximum of twelve members elected by the General Meeting. The members of the Board of Directors shall be appointed for one year at a time.
The role of the Board is to manage the company’s business in the best possible way and in its work protect the interests of the company and its shareholders. In accordance with the Articles of Association of Ahlstrom, the Board shall consist of a minimum of four and a maximum of twelve members elected by the General Meeting. The members of the Board of Directors shall be appointed for one year at a time.
The composition of the company’s Board shall reflect the requirements set by the Company’s operations and development stage. A person elected as a Director must have the competence required for the position and the ability to devote a sufficient amount of time to attending to the duties. The number of Directors and the composition of the Board of Directors shall be such that they enable the Board of Directors to see to its duties efficiently.
The Board has general authority to decide on and act in any matters not reserved by law or under the provisions of the Articles of Association to any other governing body of the company. The Board is responsible for the management of the company and its business operations. Additionally, the Board is responsible for the appropriate arrangement of the bookkeeping and financial administration.
The operating principles and main duties of the Board have been defined in the Procedural Rules for the Board of Directors and include, among other things, to:
- establish business objectives and strategy,
- appoint, continuously evaluate and, if required, remove the CEO from office,
- ensure that there are effective systems in place for monitoring and controlling the Group’s operations and financial position compared to its stated objectives,
- ensure that there is satisfactory control of the company’s compliance with laws and other regulations applicable to the company’s operations,
- ensure that guidelines to govern the company’s and the Group’s ethical conduct are adopted, and
- ensure that the company’s external disclosure of information is marked by openness and is correct, timely, relevant and reliable
The Board adopts Group wide policies which steer the governance of the Group. Under the policy framework, management adopts directives, guidelines, and other practical implementation documentation.