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Styrelsen

Styrelsen, or the board of directors, is the governing body in many Swedish organizations, including companies, associations, and foundations. It is responsible for overseeing the organization's overall direction and supervising management, rather than handling daily operations.

The board is typically elected by the organization's general meeting or by the members, and consists of

Core duties include setting strategy and key objectives, approving annual budgets and financial statements, establishing internal

In larger organizations, the board runs through committees such as audit, remuneration, and risk, to handle

In Sweden, the legal framework differs by entity. For a private limited company (aktiebolag), the board is

The concept of the styrelse is central to governance in Swedish institutions, and its effectiveness depends

a
chairperson
and
other
directors,
possibly
deputy
members.
The
length
of
service
and
the
number
of
directors
vary
by
statutes
and
the
type
of
organization.
controls
and
risk
management,
ensuring
legal
and
regulatory
compliance,
and
supervising
the
chief
executive
or
managing
director.
The
board
may
appoint
or
dismiss
the
CEO
and
holds
responsibility
for
major
decisions
and
policies.
specific
areas
and
report
to
the
full
board.
The
board
delegates
day-to-day
management
to
the
executive
team,
while
retaining
accountability
for
performance
and
stewardship
of
assets.
regulated
by
the
Swedish
Companies
Act
(Aktiebolagslagen)
and
the
company's
articles
of
association.
Non-profit
associations
and
foundations
follow
relevant
laws
and
their
statutes.
on
independence,
expertise,
and
clear
decision-making
processes.
See
also
corporate
governance,
and
the
Swedish
terms
for
board
positions.