• Articles of association
• General meeting of shareholders
• Election committee
• Board of Directors
• Committees of the board of directors
• Management
  • Governance
• Auditors
• Internal control
• Review by auditors
• Ethical guidelines
• Risk analysis

Governance

The President & CEO is responsible for day-to-day management of B&B TOOLS, which includes all issues that are not reserved for the Board of Directors and which are administered by the Group’s management team. With respect to the authority of the President & CEO to make decisions regarding capital expenditures, corporate acquisitions and sales, and financing issues, rules approved by the Board of Directors apply.

The President & CEO and Executive Vice Presidents

The President & CEO, Stefan Wigren, has been employed by B&B TOOLS AB since 2001. Stefan Wigren’s prior assignments include President & CEO of Front Capital Systems AB (1989– 1999) and work in Corporate Finance at Handelsbanken Markets.
Executive Vice Presidents are Mats Björkman and Carl Johan Lundberg.

Compensation to Group management

Members of Group management are paid fixed salaries and customary perquisites, plus pension benefits and incentive programmes that include personnel options issued in 2002 and variable salary portions. Guidelines for determining compensation and other terms of employment for the President & CEO and other members of Group management were adopted by the Annual General Meeting in August 2009.

Compensation to the Board of Directors and Group management for 2009/2010 and a description of the incentive programmes are found in Note 5 on pages 60–63 in the Annual Report 2009/2010.