ITAB - The work of the Board of Directors

The Board of Directors
The 2016 Annual General Meeting resolved that the Board is to consist of seven members Fredrik Rapp, Anna Benjamin, Petter Fägersten, Anders Moberg, Stig-Olof Simonson and Lottie Svedenstedt.

The 2016 AGM resolved that the Board fee of SEK 1,200,000 is to be divided between the chairman, SEK 300,000, and the members of the Board, SEK 150,000 each.

Swedish Code for Corporate Governance
ITAB's Board and nominations committee intends to comply with the Swedish Code for Corporate Governance ("the Code") in conjunction with the listing of ITAB' shares on OMX Nordic Exchange Stockholm. ITAB does not expect to deviate from the directives defined in the Code. The first corporate governance report waspresented in conjunction with the 2009 AGM.

You can read the corporate governance report in the annual report.

The Board of Directors' rules of procedure

The rules of procedure for the Board of Directors that are instigated every year include the formal work plan, instructions for the company's CEO, spheres of resolution and responsibility, as well as information and reporting plans. The Board appoints a remuneration committee and an audit committee. ITAB Shop Concept's Board of Directors consists of seven members.

Individuals representing ITAB Shop Concept's major owners as well as independents are among the Board members. The CEO and other company officials participate at Board meetings, either to present reports or in an administrative capacity.

Nomination committee

A separate committee has been appointed to annually make proposals concerning the composition of ITAB Shop Concept's Board of Directors. Prior to the Annual General Meeting scheduled for May 2015, this committee is comprised of Anders Rudgård, Fredrik Rapp och Johan Storm.