The Board

The Board’s work

The Board has the ultimate responsibility for PowerCell’s organization and management. The Board has no deputies. The Board’s work is governed by the Swedish Companies Act, the Articles of Association and the formal work plan adopted by the PowerCell Board. The Company’s formal work plan stipulates instructions regarding the allocation of responsibilities between the Board and the CEO. At the Board’s meetings, the Board discusses the Company’s future performance, quarterly reports, budget and financing, and performs the standard follow-up of the strategic and operational activities of the Company. The Board also evaluates PowerCell’s financial reporting annually and sets requirements for its content and format to ensure a high level of quality. The Company’s auditor attends the meeting each year to approve the annual accounts. The Company’s CEO Richard Berkling is co-opted and regularly attends the Board’s meetings, as do the Company’s Deputy CEO Karin Nilsson, and the Company’s CFO Torbjörn Gustafsson, who also serves as secretary at the Board’s meetings. All Board resolutions are based on detailed decision data and are made following discussions led by the Board Chair. The Board’s work is evaluated annually under the guidance of the Board Chair, supported by an independent consultant through a survey. The results of the evaluation are presented to the Board and then discussed, with the aim of optimizing the Board’s work. The Chair’s work in the Board is evaluated in their absence. The conclusions from the evaluations and discussions are communicated to the Nomination Committee and actions are taken to improve the Board´s work.


The Board has appointed an Audit Committee and a Remuneration Committee tasked with preparing audit and remuneration matters, respectively, prior to Board resolutions.


Audit Committee

The Audit Committee adopts a supervisory role with regard to the Company’s risk management, governance and control, as well as financial reporting.


The Auditor regularly reports his observations to the Audit Committee.


The Chair of the Audit Committee is Helen Fasth Gillstedt, and the other members are Annette Malm Justad and Magnus Jonsson.

Remuneration Committee

The Remuneration Committee deals with issues involving remuneration policy and other terms of employment for the CEO and Company management.


The Committee evaluates remuneration programs for Company management on a running basis, and observes and evaluates the application of the guidelines for remuneration determined by the AGM.


The Chair of the Remuneration Committee is Magnus Jonsson, and the other members are Annette Malm Justad and Kajsa Ryttberg-Wallgren.