Composition of the Board
According to Knowit’s Articles of Association, the Board of Directors shall consist of at least three and at most eight members, with a maximum of two deputies, elected each year at the AGM to serve until the end of the next AGM. There is no rule on the maximum time a Director may serve on the Board.
Under the Swedish Code of Corporate Governance, which Knowit observes, the Board should have a suitable composition, given its operations, developmental stage and other conditions, and be characterized by diversity and breadth regarding the competence, experience and background of the elected members. Under the Code, the Company should strive for an even gender distribution.
All Directors are independent in relation to the Company and management, in accordance with the Stockholm Stock Exchange’s ongoing listing requirements and the Swedish Code of Corporate Governance.