Work of the board

The Board’s ongoing work

The Board’s work follows rules of procedure, which ensure that the Board is well informed and that all Board-related issues are addressed. The rules of procedure, which are adopted annually, describe the division of responsibilities between the Board and the committees and between the Board and the CEO.

The Board decides on the strategy and budget, adopts financial statements and key policies and authorization policy, appoints the CEO and evaluates the CEO’s work, establishes rules for internal control and monitors the functioning of internal control, decides on major investments and agreements, appoints the Audit Committee and Remuneration Committee and evaluates the Board’s work. The Board ensures that the adopted guidelines on remuneration to members of Group Management have been followed and proposes guidelines for remuneration to the AGM. The Chairman of the Board leads the Board’s work and also represents the company on ownership matters.

Board meetings are prepared by the Chairman together with the CEO. The CEO and the company’s CFO, who usually takes minutes at board meetings, participate. In addition, other employees participate when needed in a reporting capacity on specific matters. Materials are distributed before each meeting. Some questions are prepared in the committees. Recurring matters at Board meetings include reviews of the business situation and financial reporting. The Board’s committees report on their work and raise issues for decision.

According to the rules of procedure, Tobii’s Board shall convene a minimum of six times in addition to the statutory meeting in connection with the AGM.

Tobii's Board of Directors currently consists of six ordinary members. Board members are appointed by the AGM for the period up until the next AGM.