The Board adheres to a written procedure that is revised annually and is determined at the statutory Board meeting each year. The rules of procedure govern, among other things, the practice of the Board and functions and the distribution of work between the members of the Board and the Managing Director. In conjunction with the Statutory Board meeting, the Board also determines the instructions for the CEO, including financial reporting.
The Board meets in accordance with an annual schedule. In addition to these Board meetings, additional Board meetings can be convened to handle issues that cannot be referred to an ordinary Board meeting. In addition to the Board meetings, the Chairman of the Board and the CEO have a continuous dialogue regarding the management of the company.