The duties of the Board include establishing operational goals and strategies; appointing, evaluating and where necessary dismissing the CEO; approving significant assignments held by the CEO outside the Company; ensuring that systems for monitoring and control of operations are effective; ensuring that there is satisfactory control of compliance with applicable laws and regulations; and ensuring that ethical rules have been established for employee conduct. The Board is also to ensure that the provision of information is correct, relevant, reliable and transparent.
The Board of Directors of ICA Gruppen has adopted rules of procedure with instructions relating to the division of work between the Board of Directors and the CEO, as well as the internal division of work within the Board via established working committees; the Audit Committee, the Remuneration Committee, the Investment Committee and the Sustainability Committee.
According to the Articles of Association, ICA Gruppen’s Board shall consist of between five and eleven members. Otherwise there are no regulations in the Articles of Association relating to the appointment or dismissal of Board members.
The present Board consists of eleven members and Claes-Göran Sylvén is Chairman of the Board. The CEO makes presentations at Board meetings and the General Counsel is the Secretary to the Board.