Board procedures
During the financial year, H&M normally holds five regular Board meetings and one statutory Board meeting. Extraordinary Board meetings are held when the need arises. The Board consists of seven ordinary members
elected by the AGM. There are also two employee representatives
with two deputies. Seven of the Board members are women, four
are men and four of the eleven are employed within the company. The
Board is assisted by a secretary who is not a member of the Board.
The Board meetings begin with a discussion of the company’s financial situation with costs and sales as the main focus. The various financial reports and the Annual Report are reviewed and verified before being published. Other topics discussed at Board meetings include general strategies, expansion and the dividend policy.
The attendance level at Board meetings is high and Board members participate in all discussions. Auditing issues are carefully considered by the Auditing Committee and then reported to the Board of Directors.
For more information about Board members, please read more under Board of Directors.