Board’s work

The main task of the Board is to manage the Group’s operations in such a manner as to assure the owners that their interests, in terms of a long-term good return on capital, are being met in the best possible manner.

The Board’s work is governed by rules and regulations including the Swedish Companies Act, the Articles of Association, the Code and the working procedures established by the Board.

To read more about the Board’s work see the Corporate Governance Report.

The Board deals with and decides on group-related issues such as:

  • Main goals.
  • Strategic orientation.
  • Essential issues related to financing, investments, acquisitions and divestments
  • Follow-up and control of operations, communication and organization, including evaluation of the Group’s operational management.
  • Appointment of and, if necessary, dismissal of the President.
  • Overall responsibility for establishing an effective system of internal control and risk management.
  • Important policies.
Read more within The Board of Directors

The Board of Directors consists of nine members, without deputies, who are elected at the Annual General Meeting for a period of one year. Three members with deputies are appointed by the Swedish employee...

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The main task of the Audit Committee is to oversee the processes of Electrolux financial reporting and internal control in order to secure the quality of the Group’s external reporting.

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The AGM elects the Chairman of the Board. Directly after the AGM, the Board holds a meeting for formal constitution. The members and Chairmen of the Committees are appointed at this statutory Board meeting.

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