The Board of Directors is responsible for the organisation of the Company and the management of the Company’s affairs, such as compliance with law and the articles of association. The Board is appointed by the General meeting and is presently consisting of seven members. The Board of BEF consists of seven members with well developed competence and a broad range of experience which is of great importance in supporting, following and managing BEF’s operations. Apart from the Rules of procedure and instructions to the General Manager, the Board also establishes the Company’s financial and information policies on an ongoing basis. According to the Board’s Rules of procedure the Board shall annually convene for at least four ordinary meetings, one per quarter, a strategy meeting to be held during the second half of the year, and a statutory meeting. .

The President works on behalf of the Board of Directors and shall implement the decisions made by the Board and prepare for decisions to be considered by the Board. The President shall also oversee compliance with the objectives, policies and strategic plans for the Company that the Board has established and ensure that these objectives, policies and strategic plans are submitted to the Board for updating or revision when necessary. The President is responsible for the operative management of the Company based on the applicable laws and shall ensure that the Company fulfils the obligations regarding disclosure of information, etc., or other regulations with which the Company is required to comply. The President is responsible for ensuring that obligations, agreements or other acts in law that the Company enters into or effects are correctly documented and do not conflict with Swedish or foreign binding statutes.