BOARD OF DIRECTORS
The task of the Board of Directors is to manage the company’s affairs on behalf of the shareholders.
XANO's Board of Directors currently consists of five memebers: Fredrik Rapp (Chairman), Petter Fägersten, Eva-Lotta Kraft, Per Rodert and Anna Benjamin. Fredrik Rapp, Anna Benjamin and Petter Fägersten are considered dependent in relation to major shareholders. Other members are judged to be independent in relation to both major shareholders and the company and the company management.
The 2019 AGM elected the registered auditing company Ernst & Young AB, Jönköping, with authorised public accountant Joakim Falck as auditor in charge, for the term of office up until the AGM in 2020.
The shareholders’ meeting is the forum in which the shareholders’ influence is exercised. It is the company’s highest decision-making body.
The Annual General Meeting (AGM) assembles once a year in Jönköping, usually in the beginning of May, in order to decide on matters such as the adoption of the annual report and consolidated financial statements and to decide on the allocation of profits from the previous year. The meeting also elects the Board of Directors and auditor.
The Swedish Companies Act stipulates that the company must have three decision-making bodies: the shareholders’ meeting, the Board of Directors and the CEO. There must also be a controlling body, an auditor, who is appointed by the shareholders’ meeting. The Act stipulates which tasks the respective bodies have and which responsibilities fall upon the people making up the bodies. The Code complements the Act by setting higher requirements in certain areas, but also by making it possible for companies to deviate from these in specific circumstances if this will lead to better corporate governance.