NEMKO集团运营策略.doc

1 Objective The purpose of this policy is to give guidelines for the work of the Board of Directors and their tending of relevant issues. In addition, the President’s work tasks and responsibilities to the Board of Directors are specified. 2 The tasks of the Board of Directors 2.1 General tasks The Board of Directors tasks and responsibilities shall be according to local corporate and other laws, the by-laws of the company, guidelines from the owner’s meetings and the present policy. The Board has the following main tasks: Being in charge of managing the company Oversee that the operations are in accordance with the companies by-laws and guidelines given by the owner’s meeting. Provide a satisfactory organization of the company, and oversee that registration and documentation of accounts and assets are under satisfactory control. Hire, and if required, terminate or fire the President, plus decide the President’s salary, other compensations and employment conditions. Oversee the President’s management of the operations. The Board shall in general treat all items which are of great importance to the company or of an unusual nature, unless the Board in special cases has given the President the power to make the decision or if a delay for awaiting the decision of the Board will cause substantial harm to the company’s activities. The Board considers and decides the company’s budget, three-year plan, the annual accounts and the annual report in correspondence with the time plan, which is given in section 5.4.3.3. If the balance shows that 50 % of the share capital has been lost, the Board shall without delay call an owner’s meeting and propose actions which will give the company an acceptable share capital, alternatively to close the company. 2.2 The relationship between the Board and the Owner’s meeting The following instructions are valid for the relationship between the Board and the Owner’s meeting: Issues which are considered to be of great imp