Kungsleden’s Articles of Association stipulate the company’s Board of Directors comprising a minimum of three and a maximum of eight members with a maximum of two deputies. The Board members and deputies are elected annually at the AGM for the period until the end of the next AGM.
The Board comprises eight members. The Board has been composed to actively and efficiently support the management in the company's development. Skills and experience of segments including the property sector, funding, business development and capital market issues are important to the company.
The AGM in 2010 re-elected the incumbent Board of Directors comprising Thomas Erséus, Leif Garph, Magnus Meyer, Jan Nygren, Jonas Nyrén, Per-Anders Ovin and Charlotta Wikström. Kia Orback Pettersson was elected as a new Board member.
Per-Anders Ovin was re-elected Chairman of the Board.
Independence
Referring to Board members, pursuant to the definitions of the Code. Thomas Erséus is not independant with regard to him having been the company's Chief Executive for the last five years. Other Board members are independent of the company, the corporate management and major shareholders.
Shareholdings
The Board's shareholdings in the company are updated quarterly. For transactions in between see Insider Trading.