Activities of the Board of Directors
During the period from January 1, until December 31, 2021, the Board held eleven meetings of which one meeting was held per capsulam, and one statutory meeting. The attendance of each Board member at these meetings is shown in the table below.
During 2022 (until and including the publication of the annual report in March), two Board meetings have been held. The Board has fixed working procedures that describe in detail which ordinary agenda items are to be addressed at the various Board meetings of the year. Recurring agenda items are finances, the market situation, sustainability issues, investments and revision of the Company’s Code of Conduct and other internal rules and procedures. In 2021, in addition to customary Board work, the Board of Directors had a strong focus on monitoring and following up on strategic issues, such as the intention to separate the cigar business, and the pandemic’s impact on the Group’s business. Due to the ongoing COVID-19 pandemic the Board did not conduct any site visits or market visits during the year.
At all scheduled Board meetings, with the exception of the statutory Board meeting, the Board received a general report from the CEO and discussed the activities and financial results of the Company and the associated companies, as well as other pertinent projects and matters.
All meetings held during the year followed an approved agenda. Prior to each meeting, a proposed agenda and, where applicable, documents relevant to the items on the agenda were sent to the Board. The Company’s auditors attended the Board meeting in February 2021 to present the audit report and observations from the audit.
Composition of the Board and attendance 2021
| Board of Directors | Audit Committee | Remuneration Committee | |
|---|---|---|---|
| Total number of meetings 2021 | 12 | 5 | 2 |
| Members elected by the General Meeting | |||
| Conny Karlsson (Chairman) | 12 | 2 | |
| Andrew Cripps (Deputy Chairman) | 12 | 5 | |
| Charles A. Blixt | 12 | 2 | |
| Jacqueline Hoogerbrugge | 12 | 2 | |
| Alexander Lacik | 12 | ||
| Pauline Lindwall | 12 | ||
| Wenche Rolfsen | 12 | 5 | |
| Joakim Westh | 11 | 5 | |
| Employee representatives | |||
| Patrik Engelbrektsson | 11 | ||
| Pär-Ola Olausson | 12 | ||
| Dragan Popovic | 12 | ||
| Employee representatives (deputies) | |||
| Niclas Bengtsson | 11 | ||
| Niclas Ed | 11 | ||
| Matthias Eklund | 10 |
