Board of 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 secretary at the meetings is the company’s Chief Accountant Anders Jonasson.
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" or in the section entitled “Facts on the Board of Members” in H&M’s Corporate Governance Report .