About

Corporate Governance

PostNord’s corporate governance is governed by the Swedish Companies Act, the Swedish Code of Corporate Governance, PostNord’s Articles of Association, Nasdaq's regulations for issuers, the Swedish State Ownership Policy and principles for state-owned enterprises, internal policy documents and other applicable rules and recommendations. Any deviations from the Swedish Code of Corporate Governance are reported annually in PostNord’s Corporate Governance Report.

Ownership structure

PostNord’s governance structure is briefly summarized below. A complete description can be found in PostNord’s latest Corporate Governance Report.

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 Group Leadership Team

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The Annual General Meeting is PostNord’s ultimate decision-making body. The AGM appoints the Chairman of the Board and the other Board members, appoints the auditor, resolves on how to distribute the company's earnings and other matters as set out in legislation and the company's Articles of Association.

The Board of Directors holds overall responsibility for the organization and administration of PostNord through continuous monitoring and control of the operations. The Chairman of the Board leads the Board’s work and the Audit and Compensation Committees assist the Board in its responsibilities.

PostNord’s President and CEO is responsible for and manages the day-to-day operations of the group based on the Board’s guidelines and instructions. The President and CEO is assisted by the Group Leadership Team.

PostNord’s auditor is appointed by the AGM and is responsible for the audit of the Annual and Sustainability Report and Consolidated Financial Statements, the Board’s and CEO’s administration and the annual reports of subsidiaries. PostNord’s internal audit function evaluates the company’s internal governance and control.

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. 

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.

Group Leadership Team

The PostNord Group Leadership Team represent different parts of the organization. Annemarie Gardshol is the Group CEO.

Board of Directors

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

Corporate Governance Report

PostNord’s Corporate Governance Report is part of the Annual and Sustainability Report.