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 seven 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 2009 re-elected the incumbent Board of Directors comprising Thomas Erséus, Bengt Kjell, Magnus Meyer, Jan Nygren, Jonas Nyrén and Per-Anders Ovin. Charlotta Wikström and Leif Garph were elected as a Board members to succeed Jens Engwall and Anna Weiner Jiffer, who had declined re-election. Bengt Kjell was re-elected Chairman of the Board.
Bengt Kjell has taken the initiative to leave Kungsleden’s Board as of 21 May 2009. Per-Anders Ovin was appointed as new Chairman of the Board on May 26 2009.
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.