Pursuant to Adapteo’s Articles of Association, the Annual General Meeting of Shareholders elects a minimum on five and a maximum of eight members to the Board of Directors. The Annual General Meeting elects the Board members and appoints the Chairman. The term of office of the Board members will expire at the end of the next Annual General Meeting.
Adapteo’s Board of Directors:
The Board constitutes a quorum when more than half of the members are present. The Board meetings are attended by the President and CEO, the CFO and the person acting as secretary appointed by the Board.
An evaluation of the Board’s and its Committees’ performance and working methods shall be conducted annually.
The members of the Board of Directors
Peter Nilsson also holds, through Poleved Industrial Performance AB, a company controlled by Mr. Nilsson, 15,600 Adapteo shares and 64,000 OTC call options entitling to subscribe for one (1) Cramo share per one (1) option.