The shareholder’s meeting is a limited company’s highest decision-making body and serves as a forum for shareholders to exercise influence. At the Annual General Meeting of Shareholders (“AGM”) the shareholders appoint the members of the Board of Directors and, when required, the auditors, and decide on a number of central issues.
The Nominating Committee nominates the persons to be elected by the AGM as members of Rezidor’s Board. On behalf of Rezidor’s shareholders, the Board is responsible for the organisation and the management of the Company. To increase the efficiency and depth of the Board’s work on certain issues, the Board has established three committees: the Audit Committee, the Compensation Committee and the Finance Committee. Internal control is an important resource for the Board’s committees to verify the effectiveness of internal controls.
The Board appoints the CEO, who is charged with carrying out the day-to-day management of the Company in accordance with the directions of the Board. The CEO is responsible for leading the work conducted by the Executive Committee. The CEO’s administration of the Company, as well as the annual report is audited by Rezidor’s auditor. The picture below illustrates how governance is organised at Rezidor.