The Board of Directors is PE’s highest administrative body during the AGM and bears ultimate responsibility for management and the organisation of the company’s operations. The Board monitors the company’s operations and management, and makes decisions on key issues relating to such areas as strategy, investments, organisation and financial matters. The Board has two permanent committees – the Audit Committee and the Remuneration Committee.

The work of the Board is regulated by a set of procedures that is adopted annually by the Board. The set of procedures dictates the allocation of work and responsibility between the members of the Board, the Chairman and CEO, and includes financial reporting procedures for the CEO. The Board also adopts instructions for the Board’s committees.

PE’s Board comprises seven members elected by the AGM, including the Chairman, and no deputies. The Chief Executive Officer is not a member of the Board, but is co-opted to all Board meetings. The company’s Chief Financial Officer is secretary to the Board. The members elected by the AGM and the Board’s Chairman were elected by the AGM on 7 May 2018 for the period extending up until the next AGM.

Audit Committee
The company’s Audit Committee consists of three representatives from the Board of Directors. The members of the committee are elected by the Board and their role is to prepare for the Board’s work by providing quality assurance of the company’s financial reporting.

The committee has continual contact with the company’s auditors in order to keep informed about the focus and extent of the audit and to discuss their view of the risks to which the company is exposed. The Audit Committee is also tasked with establishing guidelines regarding other services besides the audit that the company may procure from the company’s auditors, evaluating the audit process and communicating this information to the Nomination Committee, as well as assisting the Nomination Committee in the presentation of proposals regarding auditors and auditors’ fees.

The members of the company’s Audit Committee are Britta Dalunde (chair), Lars-Erik Blom and Gunnar Grönkvist.

Remuneration Committee
The Audit Committee consists of three representatives from the Board of Directors. The committee is primarily tasked with preparing the Board’s decisions on matters such as remuneration principles, remuneration and other employment terms and conditions for company management and other senior executives.

Furthermore, the Remuneration Committee shall monitor and evaluate variable remuneration programmes for company management that are ongoing or that have been concluded during the year; monitor and evaluate the application of the guidelines for remuneration to senior executives that the AGM is required to resolve on by law and regarding remuneration structures and remuneration levels in the Group.

The Remuneration Committee consists of Carina Malmgren Heander (chair), Gunnar Grönkvist and Öystein Engebretsen.
 

Gunnar Grönkvist

Chairman of the Board and member of the Audit Committee. Member and Chairman since 2015. Born 1943. Independent in relation to the company and management; independent in relation to the company’s major shareholders.

Education: MA Politics Stockholm University
Other roles: Chairman of Awapatent AB and AWA Holding AB
Shareholding: 22,500 B shares
 

Britta Dalunde

Board member and chair of the Audit Committee. Member since 2016. Born 1958. Independent in relation to the company and management; independent in relation to the company’s major shareholders.

Education: MBA specialising in Strategic Planning, Edinburgh Business School
Other positions: Chair of Chorus AB and Cereb AB, deputy board member OF Huset i Stockholm AB, board member of Arlandabanan Infrastructure AB and board member and chair of the Audit Committee of Global Ports Investments PLC, E.ON Gas Sverige AB and HH Ferries AB.
Shareholding: 10,500 B shares

Carina Malmgren Heander

Board member. Member since 2017. Born 1959. Independent in relation to the company and management; independent in relation to the company’s major shareholders.

Education: MSc in Economics and Business from Linköping University.
Other roles: Group Director and Chief of Staff at SAS Group. Board positions at Svedbergs AB and Scandinavian Track Group AB.
Shareholding: 0
 

Lars Erik Blom

Board member and member of the Audit Committee. Member since 2016. Born 1960. Independent in relation to the company and management; independent in relation to the company’s major shareholders.

Education: MSc in Economics and Business, Stockholm University
Other roles: CEO of LK Finans AB and several board positions within LK Finans AB’s investment operations, board member of FM Mattsson Mora Group, Its Nordic AB, TSS Holding AB, Norvatek Invest AB, Connecting Capital AB and chairman of LK-gruppen and chairman of FM Mattsson Mora Group’s Audit Committee.
Shareholding: 147 596 B shares indirectly via LK Finans AB

Per Göransson

Board member. Member since 2006. Born 1953. Employed by the company since 2006. Not independent in relation to the company and management; not independent in relation to the company’s major shareholders.

Education: Master of Science from KTH Royal Institute of Technology
Shareholding: 2,178,380  A shares and 436,800 B shares indirectly via Projektengagemang Holding i Stockholm AB and G-Trading AB

Per-Arne Gustavsson

Board member. Member since 2018. Born 1952. Chairman of the Board and CEO of Projektengagemang from 2006 until 2015, employed by the company since 2006. Not independent in relation to the company’s major shareholders.

Education: Master of Science from KTH Royal Institute of Technology
Other roles: Chairman of Fotbollsajten Scandinavia AB, Projektengagemang Holding i Stockholm AB, Pagator AB 
Shareholding: 2,217,796 A shares and 445,626 B shares indirectly via Projektengagemang Holding i Stockholm AB

Öystein Engebretsen

Board member. Member since 2016. Born 1980. Independent in relation to the company and management; independent in relation to the company’s major shareholders.

Education: Master of Science BI Norweigian School of Management (Oslo/Sandvika)
Other roles: Investment Manager at Investment AB Öresund. Board member of Scandi Standard AB and Insr Insurance Group ASA.
Shareholding: 5,000 B shares