The Board of Directors
The 2010 Annual General Meeting resolved that the Board is to consist of six members and no deputies. Thord Johansson, Anna Benjamin, Johan Rapp, Per Rodert, Stig-Olof Simonson and Lottie Svedenstedt were re-elected as members of the Board.
Read more about the Members of the Board
The 2010 AGM resolved that the Board fee of SEK 600,000 is to be divided between the chairman, SEK 150,000, and the members of the Board, SEK 90,000 each.
Swedish Code for Corporate Governance
ITAB’s Board and nominations committee intends to comply with the Swedish Code for Corporate Governance (“the Code”) in conjunction with the listing of ITAB’ shares on OMX Nordic Exchange Stockholm. ITAB does not expect to deviate from the directives defined in the Code. The first corporate governance report waspresented in conjunction with the 2009 AGM.
Corporate governance report
The Board of Directors’ rules of procedure
The rules of procedure for the Board of Directors that are instigated every year include the formal work plan, instructions for the company's CEO, spheres of resolution and responsibility, as well as information and reporting plans. The Board appoints a remuneration committee and an audit committee. ITAB Shop Concept’s Board of Directors consists of six members.
Individuals representing ITAB Shop Concept’s major owners as well as independents are among the Board members. The CEO and other company officials participate at Board meetings, either to present reports or in an administrative capacity.
The work of the Board in 2009
In 2009, the Board convened for a total of six ordinary board meetings. In addition to operational information, predetermined reports and resolution items are addressed at every regular meeting in accordance with the Board´s rules of procedure. The Board also rules on issues of a general nature such as the Group´s strategy, structural and organisational issues, policies and guidelines for major investments. One of the company´s auditors participates in at least one of the Board´s meetings every year. At this time, the auditor presents observations made when auditing the company´s accounts, procedures and internal audits.
Nomination committee
A separate committee has been appointed to annually make proposals concerning the composition of ITAB Shop Concept's Board of Directors. Prior to the Annual General Meeting scheduled for May 2011, this committee is comprised of Ulf Gustfsson, Lars Persson and Johan Rapp.