The Board of Directors

The New Wave Group Board consists of six members elected by the AGM. The Board’s working procedures are defined in the rules of procedure, which regulate the delegation of responsibility between the Board and the President, the President’s authority, the meeting schedule and reporting routine. The board meetings deal with budgets, interim reports, year-end accounts, state of business, investments and new launches. They also deal with general issues relating to the long-term business strategy as well as structural and organisational issues. The working language of the board’s meetings and documentation is Swedish. As a rule, between seven and ten board meetings are held each year.

The Chairman organises and leads the Board’s work so that this is carried out in accordance with the Swedish Companies Act, other legislation and regulations, applicable rules for listed companies, including the Code, and the Board’s other internal control instruments. The Chairman follows operations in dialogue with the President and is responsible for other Board Members receiving the information required to complete the Board’s tasks.

The New Wave Group Board is subject to the requirements for independence described in the Code. The  requirements mainly involve that only one person from the company's management may be a member of the board, that a majority of the elected members of the board shall be independent of the company and its management, and that at least two of the elected members who are independent of the company and its management should also be independent of the company's major shareholders.

As the President and CEO, as well as the major shareholder of New Wave Group, Torsten Jansson is considered to be dependent on the company and the company management. Göran Härstedt is considered to be dependent in relation to the company’s major shareholder. Christina Bellander, Anders Dahlvig, Helle Kruse Nielsen and Mats Årjes are considered to be independent in relation to both the company and the company’s major shareholder. It is thus the opinion of the nomination committee that the current composition of the New Wave Board satisfies the requirements for independence laid down in both the Code and in the rules and regulations of NASDAQ OMX Stockholm for issuers.