The board members are elected annually at the Annual General Meeting (AGM) for the period until the end of the next AGM. The Articles of Association contain no restrictions regarding the electability of a board member. According to the Articles of Association, the Board of Directors shall comprise no less than three and no more than nine members. The Board works on behalf of shareholders to implement and maintain proper governance, oversee financial controls and independent accounting of the company's activities.
The Board also evaluates the Chief Executive Officer on an annual basis to provide constructive feedback and ensure excellent senior management and leadership, and works with the Company's executive leadership team to evaluate the Company's long-term growth plans and strategic direction.
The Board has two standing committees, the Remuneration and Audit Committees that meet quarterly to discuss detailed Company data in their respective areas of focus. These Committees present their evaluations and recommendations to the Board.