Husqvarna’s Board of Directors shall consist of no less than five and no more than ten members, with no more than three deputies, all of whom are elected by the AGM for a period of one year. Swedish employee representative organizations also appoint two representatives, with two deputies.
In 2012, the Board consisted of nine members elected by the AGM, including the President and CEO.
The Board members possess extensive competence and experience in areas such as industrial commerce, financial expertise, sales and marketing of consumer goods as well as broad knowledge of the retail business and manufacturing.
Independence of the Board
The Board is deemed to comply with the independence requirements of the Swedish Code of Corporate Governance. Board members are not employed by the Group, with the exception of the President and CEO, Hans Linnarson.
The Nomination Committee’s assessment as to whether each proposed member fulfills the independence requirement will be announced in conjunction with the Nomination Committee submitting its proposals to the AGM.
Rules of procedures and written instructions
The Board has established rules of procedures that are reviewed once a year or when necessary. These rules involve allocation of tasks between the Board and the President, detailed instructions for the President, other corporate functions concerning matters requiring the Board's approval, and the financial reports and other information to the Board.
|Board of Directors|
|Name||Nationality||Elected||Audit Committee||Remuneration Committee||Independent 1)|
|Lars Westerberg||Board Chairman||SE||2006||Member||(Yes/Yes)|
|Annika Ögren||Employee representative||SE||2006||-|
|Lotta Widehäll2)||Employee representative||SE||2012||-|
|Carita Spångberg2)||Employee representative||SE||2006||-|
|1) Refers to independence in relation to the company and management, and independeance in relation to major shareholders.|