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About us

Corporate Governance

PostNord’s overall goal is to create long-term value for its owners and other stakeholders and to ensure the fulfilment 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 and Sustainability Report 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.

Ownership structure

PostNord AB (publ), corporate identity number 556771-2640 is a Swedish public limited company that is owned 40 percent by the Danish state and 60 percent by the Swedish state. Voting rights are shared 50/50 between the two governments. The company is the parent company of the PostNord group.

Governance structure

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 latest Annual and Sustainability Report.

More about Corporate Governance

Articles of Association

PostNord's Articles of Association was adopted at the Annual General Meeting 2011. It specifies the regulations for our operations and defines our purpose. 

Annual General Meeting

The Annual General Meeting is the company’s highest decision-making body. Documentation from all previous meetings can be found here. 

Board of Director’s actions

The Board of Directors holds overall responsibility for the organization and management of the company. 

Compensation

Each year the Annual General Meeting is required to approve guidelines for executive compensation in the PostNord Group.

Audit Committee

The Audit Committee is tasked with preparing the Board to perform its duties of supervising and assuring the quality of the group’s financial reporting.

Compensation Committee

The Compensation Committee prepare and present proposals regarding compensation for corporate management and remuneration principles. 

Auditors

Auditing firm KPMG AB has been elected as auditor in charge.