Skymining AB is governed by the
‘Swedish Code of Corporate Governance’
Skymining's corporate governance process is audited by PwC
The Skymining AB shareholders set requirements for the success of the company. In addition to commercial success, requirements can include items such as e.g. sustainability, diversity and gender equality. The views of customers, partners, employees and the society and public in general can also take part in the requirements.
General Meeting of Shareholders
The shareholders’ general meeting is Skymining AB’s highest decision-making body, the shareholders’ meeting has a sovereign role over the board of directors and the chief executive officer. Decisions at shareholders’ meetings are taken by vote, and each A share carries ten votes and each B share one vote. The annual general meeting must be held within six months after the end of the financial year. The board may also call extraordinary general meetings when required.
Board of Directors
The Board of Directors is responsible for the company’s organization and the management of the company’s business. The board is obliged to follow any specific directives passed by the shareholders’ meeting. The board must consist of no fewer than three members, one of which is to be appointed chair. (The board currently has two members, and will shortly be expanded.) The chair has particular responsibility for leading the work of the board and ensuring that it fulfils its legal obligations.
Chief Executive Officer
The Chief Executive Officer is responsible for Skymining AB’s day-to-day management, in accordance with the guidelines and instructions established by the Board of Directors. The chief executive officer must prepare and present issues that are outside the scope of day-to-day management to the Board of Directors. The board is to provide instructions on when and how required information is to be collected and reported to the board. The Chief Executive Officer is subordinate to the Board of Directors.
Skymining AB’s Executive Management comprises the Chief Executive Officer (CEO) and other key executives. The Executive Management is responsible for the formulation and implementation of the Skymining AB’s overall strategies. The Executive Management team, supported by the Core Team, are responsible for e.g. operations, sales, marketing and communications, financial control, financing and capital structure.
During the establishment phase of Skymining AB’s operational organization, the Core Team supports the Executive Management. This support includes e.g. matters of daily operations and the establishment of corporate functions and routines and policies.