Styrelse

Styrelse refers to the board of directors in a Swedish company or organization. It is the governing body elected by shareholders at the general meeting and is responsible for strategic direction, governance, and oversight of management.

Under the Swedish Companies Act (Aktiebolagslagen) and related governance practices, the styrelse has the ultimate responsibility for the organization’s affairs. Its duties include approving the strategic plan, major investments, risk management, internal controls, and financial reporting. The board monitors management, ensures compliance with laws and the articles of association, and safeguards the company’s assets. It also oversees internal and external reporting and strives to uphold good corporate governance.

Composition and appointment: A styrelse typically consists of 3–7 members, including a chair (styrelseordförande). Members are elected by the shareholders at the general meeting. The board may include independent directors to strengthen oversight. The board appoints and can dismiss the chief executive officer (CEO) and approves executive remuneration and other significant decisions.

Working and governance: The styrelse meets regularly and makes decisions by majority. It may appoint committees, such as audit, remuneration, and risk committees, to handle specific areas. The chair leads meetings, ensures proper governance, and reports to shareholders and, where appropriate, to owners or members.

Relation to owners and stakeholders: While the board acts on behalf of the owners, it must consider the interests of other stakeholders and ensure sustainable value creation. Swedish styrelse practices emphasize transparency, accountability, and robust internal control to support long-term performance.