PostNord’s overall goal is to create long-term value for its owners and other stakeholders and to ensure the
fulfillment of its universal service obligations. One prerequisite for this is well-functioning corporate governance.
Characteristics of good corporate governance include a clear ownership structure and well-appointed Board of Directors as well as efficient processes and carefully prepared risk management. The Corporate Governance Report in PostNord Annual Report 2012 describes the group's corporate governance from this perspective, and has been prepared in accordance with the Companies Act, the Annual Reports Act and the Swedish Code of Corporate Governance.
PostNord AB (publ is a Swedish corporation owned 40% by the Danish state and 60% by the Swedish state. PostNord AB is the parent company of the PostNord Group. Votes are allocated 50/50
between the Danish and Swedish states.
The highest decision-making bodies within PostNord are:
• The Annual General Meeting
• The Board of Directors
• The President and Group CEO assisted by executive team and group management.
The owners jointly nominate the Chairman of the Board and other Board members, propose directors’ fees and nominate the AGM chairman and external auditors. The AGM is PostNord’s highest decision-making body.
The Board of Directors holds overall responsibility for organization and administration of the company, through continuous monitoring and control of the operations. The Chairman of the Board leads the Board’s work. The Audit and Compensation Committees assist the Board in these efforts.
PostNord’s President and CEO is responsible for and manages the day-to-day management of the group based on the Board’s guidelines and instructions. The President and CEO is assisted by group management and by an group management team comprised of members of group management.
The company’s auditor is selected by the AGM and examines the Annual Report and Consolidated Financial Statements, the Board’s and CEO’s administration and the annual reports of subsidiaries, and produces an auditor’s report. PostNord’s internal audit function evaluates the company’s internal governance and control.
Please find more information about Corporate Governance in PostNord in the Annual Report 2012.