The work and responsibilities of the Board
The Board of Handelsbanken is responsible for the Bank's organisational structure. The Board achieves this by issuing instructions and policies that are implemented within the organisation. The Board monitors operations by studying and critically reviewing reports from business operations and the various control functions within Handelsbanken.
The Board takes decisions on, and supervises the implementation of Handelsbanken's strategic goals, risk strategy and internal governance. The Board regularly supervises Handelsbanken's control systems and evaluates their effectiveness, in order to take action if necessary. Through its audit committee, the Board also ensures the integrity of the systems for auditing and financial reporting, including financial and operational control, and compliance with legislation and relevant standards. In addition, the Board supervises the processes for provision of information and communication, and for this purpose it has issued an information policy.
The Board exercises supervision over and evaluates the Group Chief Executive on an annual basis. In addition, the Chairman of the Board carries out an annual evaluation of the Board's work. The Chairman is elected by the Annual General Meeting, and cannot also hold the position of Group Chief Executive.