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Business Area Boards

Business areas

The business area heads are ­comprised of members of Group Management and have responsibility for the operating income and net assets of their respective business area.

The overall management of the business areas is the responsibility of business area boards, which meet ­quarterly. The President is the chairman of all such boards. The ­business area board meetings are attended by the ­President, the management of the respective business area and the Chief Financial Officer. The business area boards are responsible for monitoring on-going operations, ­establishing strategies, determining business area budgets and making decisions on major investments.