Responsibilities and work of the Board of Directors
The Board of Directors is mainly responsible for determining Scania’s overall strategies and goals.
The Board of Directors is responsible for the management of the company’s operations as well as the organisation. It is also overall responsible for Scania’s long-term development and strategy. This includes overseeing climate-related issues relevant to reaching Scania’s targets and objectives. As a part of this the Board of Directors also monitors Scania’s science-based targets as well as the integration of sustainability aspects into Scania’s core processes.
To fulfil its responsibilities, the Board of Directors have appointed the President and CEO, who appoints the Executive Board, by whom the Board of Directors are regularly updated on topics that are of long-term and strategic nature.
The Board of Directors is responsible for ensuring that the organisational structure of the Group is appropriate and regularly evaluating administrative procedures as well as guidelines for management and for investment of company funds.
The work of the Board of Directors
The Board of Directors is called to a statutory meeting plus at least four regular meetings per year. The statutory meeting, which is held directly in conjunction with the AGM, approves Rules of Procedure and working mechanisms for the Board of Directors and, as appropriate, rules of procedure for its committee.
The Rules of Procedure include regulations on the role of the Chairman of the Board of Directors, instructions regarding the division of labour between the Board of Directors and the President and CEO as well as instructions for financial reporting to the Board of Directors.
The Chairman of the Board of Directors pursues a regular dialogue with Board members to evaluate the work of the Board of Directors. In addition, a written evaluation is normally carried out each year, in which all Board members are given the opportunity to present their opinions about the Board of Directors, including the Chairman, and its work.
The President and CEO is evaluated on a continuous basis by the Board of Directors. Once a year, the Board of Directors also carries out an evaluation of the President and CEO in which he does not participate.
The Audit Committee discusses and monitors issues related to administrative processes, risk control and the controller organisation.
Board of DirectorsScania’s Board of Directors shall comprise a minimum of three and a maximum of eleven members elected by the AGM and four employee representatives plus two deputies for the latter.Scania’s Board of Directors shall comprise a minimum of three and a maximum of eleven members elected by the AGM and four employee representatives plus two deputies for the latter.