The Board of Directors plays a central role in guiding and overseeing a company's strategic direction and overall performance. Comprising experienced individuals with diverse backgrounds and skills, the board makes crucial decisions on matters such as corporate strategy, executive leadership, financial management, and regulatory compliance.
The Board serves as representatives of Arise’s shareholders to ensure that the company operates ethically, mitigate risks effectively and creates long-term value. Further, the board provides leadership oversight and sets the tone for corporate governance plays a key role in shaping the company's vision, maintaining accountability, and safeguarding the interests of our shareholders. .
Board Meetings
The meetings of the Board of Directors are preferably held by physical attendance at Arise's head office in accordance with a pre-agreed schedule of board meetings. Additional meetings can, however, be conducted over the telephone. Lawyer Jonas Frii from Setterwalls Advokatbyrå, serves as the Board's secretary.
Prior to each meeting, a proposal of the agenda is sent out, along with the documents which are to be addressed in the meeting. The proposal of the agenda is prepared by the CEO in consultation with the Chairman. Issues presented to the Board are for information, discussion or decision. Decisions are taken after discussions and after all members of the Board attending the meeting have had the opportunity to express their opinions. The Board's broad experience in various areas often results in a constructive and open discussion.
Objections are recorded in the minutes. Open questions are followed up on a continuous basis. The Board has not established a division of responsibilities among its members, other than that which is provided in the rules for the Board and its committees.
The rules of procedure for the Board, which are reviewed on an annual basis, regulate the division of duties among the Chairman, the Board and its committees. The rules of procedure state, for example, the obligatory issues to be addressed at every regular meeting.