The Board At the Annual General Meeting 2008, the Board of Handelsbanken was re-elected, with the exception of Lars O Grönstedt who had declined re-election. Hans Larsson was elected chairman. At the subsequent first board meeting Anders Nyrén and Fredrik Lundberg were appointed as vice chairmen of the Board. Size and independence Handelsbanken's Board comprises twelve members who are elected by the Annual General Meeting. No employee representatives are elected. The employees are instead represented by two board members, elected by the Annual General Meeting, who represent the Bank's profit-sharing foundation, Oktogonen. The rule concerning conflicts of interest in credit matters means that the Board members cannot participate in credit decisions concerning companies where they have ownership interests or where they are employed or are board members. In order to make decisions concerning credits, it is therefore necessary to have a slightly larger board than is usual in other listed companies. The Stockholm stock exchange's listing requirements make certain stipulations concerning the composition of the Board. For example, the majority of the members elected by the Annula General Meeting must be independent of the company and its management. At least two of the Board members must also be independent of the company's major shareholders. Handelsbanken's Board fulfils these requirements. Directors of the Board Photos of the Board of directors Regulations governing the Board's work The work of the Board in 2007 Board committees Remuneration to the Board of directors 2006 - 2007 Remuneration to the Board of directors 2007 - 2008 © Svenska Handelsbanken AB (publ)